OREGON: FROM BASKET CASE TO “MODEL” MARKET

WeedWeek reporter Hilary Corrigan found her home state of Oregon has emerged as a “model” industry.

• In April, the state hit a monthly record of $90M in sales, up about 7% from the previous record, set in March.
• For years after stores opened in 2015, the state was notorious for its product glut.
• “That’s kind of all worked itself out,” BDSA exec Tom Adams said. He called the state market well run, reasonably regulated and reasonably taxed.
• The story also discusses how a group of more than 30 state attorney’s general urged Congress to pass cannabis banking reform.  The Orange County Register has more.

Here’s what else Hilary was up to:

• A leading analyst called the industry well-positioned for long-term growth.
• North Dakota’s REC initiative probably won’t make the ballot.
• Activists say MED access for veterans would accelerate legalization.

Quick Hit

1. Green Entrepreneur surveys the bleak outlook for Nevada’s tourism dependent market.