Oregon Genetics

$1 Million Cannabis Theft From Oregon Genetics

CORVALLIS, Ore.  — Over $1 million worth of marijuana and marijuana extract was stolen from Oregon Genetics during the night on Tuesday in Benton County. The founder and CEO of the Oregon Genetics, Caleb Mata says the weed bandits made off with around 10 pounds of hash oil which was ready to be sold in stores, along with $1,000 worth of cannabis flower. “Taking anything from someone is wrong, but $1 million — no matter which way you cut it is a lot of money to anyone,” the owner said. Mata told KOIN 6 News that the suspected thieves were captured on surveillance video […]

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Michigan Medical Marijuana Dispensaries

Michigan Medical Marijuana Dispensaries Won’t Be Forced to Close

LANSING, MI – Just two months after Michigan Medical Marijuana Dispensaries were told they could face licensure or impediment by the Bureau of Medical Marihuana Regulation if still open after Dec. 15, the decision has been reversed. Andrew Brisbo of the BMMR said via press release: “Through emergency rules, the Bureau and Board will not consider a medical marihuana facility’s prior operation as an impediment to licensure as long as the applicant documents approval from their municipality in their application.” Dispensaries are at the moment operating in somewhat of a legal gray area. The BMMR was created under a 2016 law, along with the […]

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Legal Marijuana Prices Drop

Legal Marijuana Prices Continue To Drop

According to Cannabis Benchmarks’ 2017 Mid-Year Wholesale Market Report, wholesale prices for legal Marijuana per pound continue to drop in 2017. Prices dropped 18.6 percent nationwide in the first half of the year, and Colorado in particular is dragging down the numbers with a whopping 40 percent decrease in wholesale prices per pound from the first half of 2017 in comparison to the first half of last year. Despite that drop, analysts still categorize the stability of the market as “remarkable” considering last year’s price volatility and this year’s political uncertainty. In the first half of this year, for example, there has only […]

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Marijuana Jobs Are Leading The Nation In Growth

Almost 150,000 legal full-time marijuana jobs, including ancillary industry jobs like consulting and hydroponics providers, according to new data from Leafly.com. This is the second time Leafly has undertaken taking a tally of marijuana jobs after realizing that the Schedule I status of the drug meant that state and federal statisticians couldn’t get an accurate count. This also allows us to compare last year’s numbers to this year: this year, Leafly found 149,304 full-time jobs in legal cannabis. Last year, they found 122,814 full-time cannabis industry jobs, a huge increase of 22% in just 12 months. The industry is booming, and will […]

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Los Angeles Is Considering Creating A Marijuana Bank For The Weed Industry

If you’ve been paying attention, you’d know that many companies in the cannabis industry, from growers to dispensaries, have a huge money issue. Due to the federal ban on marijuana, most banks won’t touch businesses dealing in the stuff, even if it’s legal in their state. This has resulted in many of these companies having to exist in a dangerous cash-only state, since they can’t run credit cards. Some businesses have reportedly been burying money to save for taxes, and carrying duffel bags full of hundreds of thousands of dollars to their town’s finance building to pay those taxes. Nearing […]

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Market Analysis July 2017

How Much Did People Pay For Weed in July?

Market Analysis July 2017 Curious to know how weed prices are looking across a variety of market areas in the industry? According to reports, all indices are up, excepting the Southern Index, which fell $3 price per ounce following a year-high average in June. Here’s what they had to say: Current US Price Index: $347 (last month: $335, Year-to-Date: $331) Current Eastern Price Index: $358 (last month: $357, YTD: $352) Current Southern Price Index: $366 (last month: $370, YTD: $363) Current Western Price Index: $265 (last month: $256, YTD: $267) Additionally listed were the top five strains, which were Kush ($345), Diesel ($352), Girl Scout […]

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AndCan Index

AndCan Index Shows Monthly Cannabis Demand For First Time

AndCan Index Shows Monthly Cannabis Demand For First Time The marijuana industry is one step further in mainstream recognition with the release of the Inaugural AndCan Index, which some are referring to as the “Dow Jones Industrial Average for the Cannabis Market.” Released by the Anderson Economic Group (AEG), the Index looks at the demand for cannabis on a state-by-state basis. For those of us who don’t pay attention to economics, it might be hard to grasp what a big deal something like this; many of us have only heard about the Dow when flipping through news channels. The Dow Jones […]

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Bitcoin Marijuana

Bitcoin Becomes An Option In A Marijuana Industry Rejected By Traditional Banking

Buying and selling marijuana can be a lot more complicated than most people are used to. In a society accustomed to swiping and tapping their way to payment, where business owners would normally have no issue opening a traditional bank account with any bank in their city, federal illegality of pot has made what should be straightforward far more complex. This has resulted in many businesses having to operate cash-only, which can be onerous, not to mention endangering businesses and employees by making them an easy target for theft. Despite some concerns with bitcoin, a digital currency created by computers […]

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Oregon Marijuana Sales

Economist Projects that Oregon Marijuana Sales Will Rival Colorado’s

Oregoners consume a lot of cannabis. When adjusted for population size, we outpace our neighbors in Washington State, and are keeping up with Colorado’s sales as well. The Oregon Office of Economic Analysis released a report in early June outlining why they think we can keep up with the original legalized state, and some obstacles in the way of that progress. The report outlined four major reasons why there is strong evidence for Oregon to be a competitive earner in the bustling industry. First, the point made above: the people or Oregon consume a lot of cannabis and it’s derivative products, […]

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Jeff Sessions Undermines States' Legal Cannabis Laws

Jeff Sessions Wants to Undermine States’ Legal Cannabis Laws

It’s not news that Attorney General Jeff Sessions doesn’t like cannabis. In the past, he has referred to the plant as a “life-wrecking dependency,” and has gone on the record to state that “good people don’t smoke marijuana.” Being the chief lawyer and chief law officer in the US Government, people are right to be concerned about his opinions on cannabis. This week we were given a glimpse into what the Attorney General’s battle plan for his fight against states’ rights might look like. A private letter sent by AG Sessions to Congress from May 1st was revealed this week; at the core […]

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