OREGON RACKS UP $60M IN REC CANNABIS SALES FROM JANUARY THRU MAY

by | Jun 25, 2016 | Industry News | 0 comments

OREGON RACKS UP $60M IN REC CANNABIS SALES FROM JANUARY THRU MAY

Is that the constant sound of cash registers I hear that’s going on in Oregon?

Check out the state of Oregon, they rang up nearly $60 million in recreational cannabis sales between Jan. 1 and May 30, and that number will likely get even bigger later this year now that edibles and concentrates have been added to the lineup for adult-use customers.

Now let’s just hope the politicians don’t throw in a fish net like the politicians did over in Colorado a couple of weeks ago, over the Extract and Concentrates that they have been selling off the hook. Colorado politicians decided to propose legislation to lower potency levels from 17.1% to 16% for all edible content. Yep, they just tossed a big wrench in sales over in Colorado, and it’s a bit messy over there right now.

But check out Oregon, although adult-use sales formally began last October, when existing medical marijuana dispensaries were allowed to begin serving rec customers, sales taxes for rec cannabis only kicked in after the start of the year. The total sales figure is based on state tax collections. From the start of the year through May, rec customers purchased almost 12,000 pounds, or six tons, of cannabis from dispensaries, according to the Register-Guard.

Those sales figures could jump later this year when the full rec market comes online. That’s because, for now, consumers face temporary limits on the edibles, concentrates and flower they can purchase. Since June 2, for example, customers can purchase a single edible with up to 15 milligrams of THC and a single portion of cannabis concentrate, and only up to a quarter ounce of flower. But they can buy unlimited amounts of infused topicals and balms, and those other limits will be increased later this year when the full rec market comes online.

Six tons of bud sold in 5 months!! That’s some serious blisters on the hands of them hand trimmers and the automated trimming machine operators, they got to be working 24/7, I can vision smoke and resin spitting out from the collector bags of kief, coming from the back end of them trimming machines. Need some more work? Sounds like Oregon can use all the available hand bud trimmers and machine operators they can get. Looks like there’s plenty of work to do out in Oregon!

 

Michael Garay ~

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GMP refers to the Good Manufacturing Practice Regulations promulgated by the US Food and Drug Administration under the authority of the Federal Food, Drug, and Cosmetic Act (See Chapter IV for food, and Chapter V, Subchapters A, B, C, D, and E for drugs and devices.) These regulations, which have the force of law, require that manufacturers, processors, and packagers of drugs, medical devices, some food, and blood take proactive steps to ensure that their products are safe, pure, and effective. GMP regulations require a quality approach to manufacturing, enabling companies to minimize or eliminate instances of contamination, mixups, and errors. This in turn, protects the consumer from purchasing a product which is not effective or even dangerous. Failure of firms to comply with GMP regulations can result in very serious consequences including recall, seizure, fines, and jail time.

GMP regulations address issues including record keeping, personnel qualifications, sanitation, cleanliness, equipment verification, process validation, and complaint handling. Most GMP requirements are very general and open-ended, allowing each manufacturer to decide individually how to best implement the necessary controls. This provides much flexibility, but also requires that the manufacturer interpret the requirements in a manner which makes sense for each individual business.

GMP is also sometimes referred to as “cGMP”. The “c” stands for “current,” reminding manufacturers that they must employ technologies and systems which are up-to-date in order to comply with the regulation.