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”

Medical Marijuana Hits The Pennsylvania Market With High Prices And High Demand

Limited quantities, sticker shock, and some mislabeled product.

The first week of medical marijuana sales in Pennsylvania was marked by these birthing pains. On the whole, retailers and the Department of Health said the launch of the nascent industry — expected to grow into one of the nation’s largest markets — had largely gone “as hoped.” Continue reading “Medical Marijuana Hits The Pennsylvania Market With High Prices And High Demand”

California Looks To Solve Banking Issues As Legal Marijuana Nears

California has a possible solution to the problem of banks being unwilling to handle money from the state’s multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation.

Talks are underway between the state, banks and federal regulators on a plan to allow banks to serve a marijuana market that is expected to grow to $7 billion annually by 2020 in California. Starting Jan. 1, it will be legal to grow and sell marijuana for recreational and medical uses. Continue reading “California Looks To Solve Banking Issues As Legal Marijuana Nears”

Medical Marijuana Sales Have Officially Begun In Maryland

At least 200 would-be customers were lined up outside Rockville’s first medical marijuana dispensary Friday afternoon when one of the owners announced that a cannabis shipment — including elixirs, tablets and flowers — had arrived.

Bill Askinazi promised that everyone in line would go home with at least some marijuana, then said computer issues were delaying the start of sales, and rushed back inside. Continue reading “Medical Marijuana Sales Have Officially Begun In Maryland”