Oregon has a generous supply of weed, thanks to bumper harvests that have driven down prices to record lows (“Too Much Weed,” WW, April 18, 2018). That oversupply has glutted Oregon’s market and led, law enforcement officials say, to “leakage” into the black market. *** Last week, state regulators overseeing Oregon’s recreational cannabis abruptly curbed the ability of medical marijuana cardholders to buy weed in bulk, citing suspiciously large purchases that might have been leaking into the black market.

The “oversupply” of cannabis in Oregon has created a consumer’s paradise, but definitely poses challenges for businesses. However, the record revenue numbers show that profits are there for the taking. Hopefully, the state doesn’t restrict sales too much with overproduction and stands up more firmly against federal saber rattling.

Oregon has seen bigger companies buy up smaller companies, but the International Cannabis Business Conference is hoping to help some local craft businesses thrive by hosting a Mom and Pop Pitch Event at the upcoming September ICBC in Portland. One small business will walk away with a $10,000 award, and several companies will have the opportunity to pitch their business in front of a room of investors. Please spread the word to your favorite local businesses. State regulators will also be on hand for a panel to answer folks’ burning questions.

If you are in the cannabis industry, or are thinking of joining, the ICBC in Portland this September 27th-28th is the event for you. Get your early bird tickets by September 12th to save yourself $200!