Oregon Medical Cannabis Business & Marijuana Legal News


How US cannabis growers are keeping a tight lid on costs as recession looms

As the coronavirus pandemic plunges the U.S. economy into a sharp downturn, cannabis cultivators are managing finances by rethinking capital improvements and finding any area possible to lower costs. Although demand remains strong for marijuana in many state markets, prudent cannabis cultivation executives are planning for the worst and tightening their belts. Some have become more self-reliant […]

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How 4/20 played out for marijuana businesses around the US

Cannabis companies across the United States reported a mixed bag for sales this year leading up to the industry’s most celebrated day: 4/20. While the surge of consumer stockpiling based on concerns about the coronavirus pandemic boosted some companies’ bottom lines, others were hurt by restrictive stay-at-home orders that prevented in-person sales. Marijuana Business Daily […]

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US lawmakers pitch House bill to offer COVID-19 relief to cannabis firms

Two members of the U.S. House of Representatives introduced legislation that would enable state-legal marijuana companies to qualify for U.S. Small Business Administration coronavirus relief programs, a stand-alone bill that could face an uphill battle in the current economic climate. State-legal marijuana companies and most ancillary businesses are shut out of current relief programs because […]

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New report analyzes US wholesale cannabis prices across the nation

In the video clip below, Bart Schaneman, cultivation and extraction reporter for Marijuana Business Daily, summarizes pre-coronavirus pandemic wholesale prices for the U.S. recreational and medical cannabis markets. To provide a more in-depth look at how wholesale prices vary from state to state – including price comparisons and supply-and-demand analysis – Schaneman compiled his reporting into a […]

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Oregon cannabis retailer Oregrown in court fight over leadership

Oregrown, a vertically integrated cannabis operator based in Bend, Oregon, filed a lawsuit to remove the firm’s CEO and chief brand officer for “allegedly jeopardizing the interest of the company.” The lawsuit, filed in a local circuit court, notes that Oregrown already removed CEO Aviv Hadar and his wife, Christina Hadar, chief brand officer, as shareholders and […]

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Ohio medical cannabis sales hit record $13 million in March

Medical marijuana dispensaries in Ohio sold almost $13 million in product in March, setting an all-time record for one month as business surged during the coronavirus pandemic. Oregon also reported record marijuana sales in March. During a mid-March week, MMJ dispensaries in Ohio recorded $3.8 million in sales, by far the most ever sold in a […]

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LivWell buys Denver cannabis edibles firm Sweet Grass

LivWell Enlightened Health, one of Colorado’s largest marijuana store owners, acquired Denver-based Sweet Grass Kitchen, one of the oldest marijuana edibles brands in the state. The acquisition price was not disclosed, according to Denver alt-weekly newspaper Westword. Sweet Grass products will be introduced into every market where LivWell has a presence and “as we continue […]

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Oregon sets cannabis sales mark with $84.5 million in March

Adult-use and medical marijuana stores in Oregon sold $84.5 million in products in March, a record for any month, as the market got a boost from coronavirus-driven purchases. Sales last month were 6.4% higher than the previous record of $79.4 million set in August 2019, Oregon Liquor Control Commission data shows. Year-over-year, Oregon cannabis sales […]

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Big cannabis companies scale back amid coronavirus, raising questions about industry’s overall health

The COVID-19 outbreak is causing serious jitters among large cannabis companies, with a growing list of multistate marijuana operators scaling back by laying off workers and shuttering operations in a bid to slash costs. The widespread cutbacks this week by Acreage Holdings, MedMen Enterprises and 4Front Ventures also call into question the overall health of the marijuana industry […]

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