The sudden wildfires that torched greater than 1 million acres throughout Oregon this month fully destroyed at least seven marijuana companies and broken at least dozen extra, based on preliminary state survey knowledge.
Marijuana has quickly grown into a significant Oregon trade, with sales topping $100 million a month during the pandemic. Oregon gross sales had been up 41% by August and are on monitor to high $1 billion for the primary time.
The wildfires seem to have instantly affected a tiny proportion of the state’s 2,300 licensees however it’s too quickly to know whether or not that destruction and different oblique impacts may need a broader impact on this 12 months’s crop.
“Demand for product has been pretty high, reflected in the sales numbers. So we’ll just have to see. This is harvest season,” mentioned Mark Pettinger, spokesman for the Oregon Liquor Control Commission, which regulates marijuana within the state.
The OLCC despatched out the wildfire survey final week to start assessing the harm and verify how the fee ought to reply. Pettinger mentioned employees are contemplating momentary guidelines that might allow licensees affected by the wildfire to switch their product to others and keep inside the state’s necessary monitoring system. [Read more at The Oregonian]