WEED FEED / John Ross Ferrara / Tuesday, May 22, 2018 @ 9:21 a.m.
Weed Feed: Oregon Marijuana Growers Turn to CBD Oil as Bud Prices Plummet
Video by the AP, Posted by USA Today.
As weed prices drop to less than $5 a gram in Oregon, growers are turning to CBD oil as the next big moneymaker.
The Associated Press reports that CBD oil is selling for thousands of dollars per kilogram, allowing growers to make more than $100,000 per acre of hemp — the plant used to produce the non-psychoactive drug.
As a result, applications for hemp-growing licenses are on the rise in the Beaver State.
A similar situation could take place in California, where industry representatives estimate growers produce eight times more marijuana than the state consumes.
Overproduction will likely continue to be an issue for states with recreational marijuana laws unless the drug is decriminalized at the federal level, which would allow for legal out-of-state distribution.
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The Weed Feed is a weekly column written by John Ross Ferrara.
The Weed Feed is a one-stop shop for the best local and national cannabis news.
Each week, original content will be posted to the page, as well as various other stories from around the country.
These aggregated stories are organized into six separate sections. The News (basic news), The Biz (financial news), The Life (features), The Game (sports), The Fame (celebrity), and the Grub (food).
The News
The Biz
The Life
The Game
The Fame
The Grub
The Humboldt Chronicles
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- A Chat With Jesse Duncan
- September NEWS ROUNDUP!
- Trad Ag Vs Canna Ag
- A Fabulous News Roundup
- All About Budtending
- A Conversation With Papa & Barkley
- Revisiting A Market Disruption
From the Outpost
- Supervisors Receive Report on the Declining Cannabis Industry and its Watershed Impacts, Then Vote to Shut Down a Nuisance Farm
- (PHOTOS) Marijuana Enforcement Team Busts Large, Illegal Grow Near Berry Summit, Sheriff’s Office Says
- Bro, Harsh! Recent Studies Suggest Weed Strains Are Meaningless, CBD Doesn’t Ease Anxiety and Other Cannabis Wellness Claims are, Like, Totally Bogus
- Environmental Groups Say County Has Abandoned Its Duty to Fully Assess the Weed Industry’s Impacts
- FINALLY! Shoot Up Your Friends in the New ‘Humboldt Growhouse’ DLC Map From ‘Call of Duty’
- Papa & Barkley to Merge With LA-Based Cannabis Distribution Company Amid Industry Challenges
- Eureka City Council Approves Letter of Opposition to Measure A, the Humboldt Cannabis Reform Initiative
- Judge Denies Effort to Keep Measure A, the ‘Humboldt Cannabis Reform Initiative,’ Off the March Ballot
The Feed
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- The Emerald Magazine : The Ketamine Clinic: A Burgeoning Psychedelic Therapy
- Leafly: Leafly Buzz: 12 hot cannabis strains of August 2024
- The Emerald Magazine : 11 Women-Owned Cannabis Brands in New York
- The Emerald Magazine : Perfect Product Pairings for a Broadway Night Out
- The Emerald Magazine : Grön Mega Pearls: Supersized Flavor, Potency, and Fun
- Cannabis Law Report: New Jersey: Police officer, Mackenzie Reilly, fired August 2023 for positive cannabis test to have fate decided by Civil Service Commission this week
- Cannabis Law Report: Court: Strong smell of marijuana in fatal Sagamore Bridge crash
- Cannabis Law Report: USA: Versant Power has received subpoenas for more than 50 locations suspected of housing illegal marijuana grow houses
- Leafly: Connected Cannabis Co. Trop Z Drop Party announced for the Sunset Strip
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