OLCC: Cannabis Sales Hit Record In 2020

According to the Oregon Liquor Control Commission, recreational-cannabis sales dramatically jumped last year. Citing the coronavirus lockdowns and protests for racial justice, OLCC says 2020 was a record year of business for the state’s marijuana industry. Total marijuana sales in Oregon jumped from $795 million in 2019, to $1,110,520,723 for the year that just ended. […]

Cannabis Farm Owner At the Center Of A Multi Million Dollars Ponzi scheme

A Seattle cannabis farm owner was accused of operating a Ponzi scheme that took in $4.85 million from at least two dozen investors in Washington, Arizona, California and Texas.  Robert W. Russell, 60, of Duvall was charged by the U.S. Securities and Exchange Commission with civil violations of federal securities law.   According to the […]

House Passes Bill Allowing Cannabis Industry Access to Banks

Earlier this week, the House of Representative passed a bill allowing banks to work with the cannabis industry.  Known as the SAFE Banking Act, the Secure and Fair Enforcement Act of 2019 passed 321 to 103.  However, with a mostly party-line vote in the Democrat-led chamber, the legislation faces an uncertain future in the Republican-led […]

Oregon Marijuana Growers Report Huge Harvest

For the second year in a row, Oregon cannabis farmers have harvested more than a million pounds of usable marijuana.  The huge harvest (more than 453,592 kilograms) is again driving down prices for consumers and putting pressure on growers who aren’t getting the price they hoped for after a similar phenomenon in 2017.  Oregon’s cannabis […]

Oregon Looks At Exporting Marijuana

Marijuana could take the next step toward joining pinot noir and craft beer on Oregon’s list of famous exports, under a proposal likely to go before state lawmakers in the New Year.  The Statesman Journal reports that the Craft Cannabis Alliance, a business association led by founder and executive director Adam Smith, is working with legislators to […]