Oregon Medical Cannabis Business & Marijuana Legal News

‘Decimated’ by oversupply, Oregon wholesale prices for outdoor-grown trim, flower for oil drop to $50 a pound

Oregon’s marijuana cultivators are facing a challenging environment that favors vertically integrated companies and craft cannabis.

Wholesale prices for outdoor-grown marijuana have dropped to as low as $50 a pound. 

These low wholesale prices refer to trim and to outdoor-grown flower sold to processors who make cannabis oil.

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Oregon marijuana businesses face tougher penalties for selling to minors

The agency that regulates Oregon’s marijuana market has passed new rules that include heavier penalties for cannabis retailers and employees who sell product to minors. Effective immediately, first-time offenders will face 30-day license suspensions or a $4,950 fine, the Portland Business Journal reported. The new fine is triple the previous amount for the same offense and triple what alcohol […]

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Oregon credit union, tech firm to offer marijuana banking services

Oregon-based Wauna Credit Union has forged a partnership with Arizona tech firm Hypur that will allow the financial institution to service marijuana-related companies. According to the Coast River Business Journal, the credit union believes the partnership will allow the institution to “become part of the solution and not part of the problem.” Hypur is providing […]

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19 attorneys general urge Congress to give cannabis states access to banking

A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]

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Oregon marijuana retailers busted in underage-sales sting

Nearly 20% of state-licensed marijuana retailers in a recent undercover operation sold cannabis to underage buyers, according to Oregon authorities. The Oregon Liquor Control Commission told The Oregonian that 16 of 86 shops sold marijuana to people younger than 21 during decoy visits in December. The agency issued citations to the violating stores, which also […]

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Colorado marijuana edibles maker Wana Brands expands into Arizona

As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.

According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.

Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.

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Jesce Horton steps down as director of Minority Cannabis Business Association

Citing a desire to spend more time with his family, a founding member and longtime leader of the Minority Cannabis Business Association (MCBA) has resigned as the organization’s executive director and board chair.

Jesce Horton, 34, who helped found the MCBA  in 2015, tendered his resignation last month, according to a Jan. 8 news release from the organization.

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Industry insiders, state officials in recreational cannabis markets vow to stay the course

Prominent figures from the nine recreational marijuana markets in the United States reacted defiantly to the announcement that Attorney General Jeff Sessions is throwing out Obama-era protections for the legalized cannabis industry. From Alaska to Maine, industry insiders in states with legal adult-use programs and politicians from both sides of the aisle spoke out against the action. But […]

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Multistate marijuana testing lab company announces acquisition in California

Oregon-based cannabis testing firm Evio Labs said it’s acquiring competitor C3 Labs in Berkeley, California, which will give it a presence in the Bay Area to go with its labs in Southern California and north of Sacramento. Evio operates 10 testing labs in five states: four in Oregon, two in California, two in Florida and […]

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Oregon marijuana company tries to grow brand through cycling sponsorship

As more and more marijuana companies look for ways to get their brand name out in front of the public, an Oregon cannabis business has decided one way to do that is to sponsor a local cycling team. Oregon-based cultivator Grown Rogue is backing the Portland Olympia Beer Cycling Team, according to a news release. The […]

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Neo-Nazi charges spur Oregon marijuana lab executive’s exit

The founder and executive director of a state-licensed cannabis testing lab in Eugene, Oregon, is stepping down amid allegations she is a neo-Nazi supporter. Bethany Sherman also plans to sell the OG Analytical testing lab she founded in 2013, according to The Oregonian. Her actions follow allegations by a local Antifa group that she and Matthew L. […]

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