HLG week in review 5.14-5.18

Controversial Marijuana Tracking Bill Dies in Legislature, Marijuana Growers Turning to Hemp as CBD Extract Explodes

Controversial Marijuana Tracking Bill Dies in Legislature for Second Time

A marijuana tracking bill that drew the ire of the pot industry died almost as quickly as it appeared in the Colorado General Assemblyon Thursday, May 3. Introduced by Senator Kent Lambert late in the legislative session on April 27, SB 279 would have required a tracking agent on all medical and retail marijuana plants and products in Colorado, but it was voted down unanimously by the Senate Finance Committee. However, committee members seemed open to a similar proposal in the future. Read more.

Marijuana Growers Turning to Hemp as CBD Extract Explodes

SPRINGFIELD, Ore. — A glut of legal marijuana is driving Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet — one that doesn’t come with a high. Read more.

Make Money From Marijuana? Then Forget About A Federally Subsidized Loan

Marijuana legalization at the state level has created a moneymaking opportunity not only for licensed growers and sellers but also for a wide range of ancillary businesses, from publicly traded garden product companies to local print shops. Read more.