Oregon’s Marijuana Surplus Not Gloom and Doom of Booming Market

The Oregon Liquor Control Commission at the end of January issued a study claiming there’s enough marijuana to supply the state’s recreational market for 6.5 years.

The “2019 Recreational Marijuana Supply and Demand Legislative Report” stated the finding was in theory and stems from over-production.

Brandon Krenzler and Erin Purchase argued just how theoretical the finding is. They own and operate Kind Leaf, one of the three retail marijuana stores in Pendleton, and employ about 30 people. They said the market is far from collapsing, and much of the surplus is stuff that will not sell. Continue reading “Oregon’s Marijuana Surplus Not Gloom and Doom of Booming Market”

The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill

The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law.  One of the major components of this legislation of industrial hemp.  This blog post will mainly focus on what the tax implications of this legalization and contrast tax differences of a federal legal hemp business versus a federally illegal business subject to section 280E.  Continue reading “The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill”

Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress

Issuing updated marijuana banking guidance is “at the top of the list” for the U.S. Treasury Department, according to Sec. Steve Mnuchin.

“I can tell you we’re working on it as we speak,” he told a hearing of the House Ways and Means Committee Thursday. Continue reading “Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress”

Oregon Steps Up Penalties for Cannabis Sales to Minors

Oregon cannabis retailers caught selling to minors will face harsher penalties under a temporary rule approved by state regulators on Friday. That means heavier fines, longer license suspensions, and even the revocation of individual worker permits.

 

Continue reading “Oregon Steps Up Penalties for Cannabis Sales to Minors”

Oregon marijuana growers face lawsuit from vineyard owner over crop’s smell

A Yamhill County judge has denied a motion to dismiss a complaint filed by a vineyard owner against aspiring marijuana growers.

The vineyard owner, Momtazi Family LLC, claims marijuana odors would damage wine grapes with “foul-smelling particles.”

The Capital Press newspaper reports Steven, Mary and Richard Wagner asked the judge to throw out the lawsuit because there was no evidence that odors would cross property lines and because the planned marijuana operation wasn’t yet definite. Continue reading “Oregon marijuana growers face lawsuit from vineyard owner over crop’s smell”

Oregon cops get more complaints about marijuana grows than they can handle

A bizarre kidnapping and robbery case sparked a raid by law enforcement Wednesday at a house off West McAndrews Road where police say they seized 180 pounds of illegal marijuana plants and arrested three men.

“We received a report of a car jacking at gunpoint from the victim,” Medford police Lt. Mike Budreau said. “That turned out to not be entirely true, but it did lead us to an illegal marijuana deal involving several hundred pounds.” Continue reading “Oregon cops get more complaints about marijuana grows than they can handle”

Oregon’s Young Cannabis Market Already on Pace With Washington, Colorado

After Oregon’s first year of adult-use cannabis sales, the state’s legal market is already on pace with more established ones in Washington and Colorado, a new report shows. Controlling for population, sales in Oregon have closely tracked Colorado’s and exceeded sales in Washington state.

Continue reading “Oregon’s Young Cannabis Market Already on Pace With Washington, Colorado”

Oregon Marijuana Sales Far Exceed Expectations

Legal cannabis sales in America continue to be brisk in every state where the drug is sold over-the-counter—and they continue to defy expectations.

American consumers have a far greater appetite for marijuana than economists, accountants and other estimators thought. As sales figures from Oregon reveal, actual legal cannabis sales have outstripped some projections by more than six times. Continue reading “Oregon Marijuana Sales Far Exceed Expectations”

State of the Leaf: House Republican Wants to Deschedule Cannabis

A bipartisan bill has been introduced by freshman House Rep. Tom Garrett (R-Va.), that would remove marijuana completely from the Controlled Substances Act, effectively decriminalizing cannabis under federal law. Garrett, who replaced cannabis prohibitionist US Rep. Robert Hurt in Virginia’s fifth congressional district, campaigned on a promise to make cannabis reform a priority. Continue reading “State of the Leaf: House Republican Wants to Deschedule Cannabis”

Kush Bottles Inc (OTCMKTS:KSHB) Broadens Its Oregon Footprint

Kush Bottles Inc (OTCMKTS:KSHB) is an interesting play in the cannabis patch. The company has the financials in place to present to the market a compelling story for momentum investors. But shares haven’t responded very well since its massive rip higher from August to October of last year, a period that saw nearly 300% in gains in just about 60 days. Since then, it has been a slow grind back lower. This is despite a simple profile that includes major top-line growth and an extremely strong balance sheet. Continue reading “Kush Bottles Inc (OTCMKTS:KSHB) Broadens Its Oregon Footprint”