Oregon regulators issued the state’s first business license under the state’s historic psilocybin therapy program last week, the Associated Press reports. The licensee, Satori Farms PDX LLC, received its license to begin manufacturing psilocybin products from Oregon Psilocybin Services — a branch of the Oregon Health Authority — last Wednesday. Oregon’s medical psilocybin program formally launched this January after voters approved the system during the 2020 election. Psilocybin, the psychedelic substance found in magic mushrooms, has shown promise in treating severe depression, post-traumatic stress disorder, end-of-life anxiety among… Read more.
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Oregon regulators have approved the nation’s first-ever psilocybin production license under a novel state-based regulatory framework for broad access to the psychedelic that voters approved in 2020. The Oregon Health Authority (OHA) announced on Wednesday that they’ve granted a psilocybin manufacturer license to the woman-owned business Satori Farms PDX LLC. The so-called magic mushrooms produced at the manufacturing facility will help supply future businesses where people can go to have the psychedelic administered in a supervised environment. Regulators were tasked… Read more.
The Securities and Exchange Commission (SEC) has charged American Patriot Brands Inc. (APB), its chief executive officer, and five other entities with siphoning off millions of dollars in a long-running scheme that defrauded more than 100 investors across the country. According to the SEC’s complaint, APB CEO Robert Y. Lee, along with current and former executives Brian L. Pallas and J. Bernard Rice, began making a series of “false and misleading statements to investors” in 2016 about the company’s financial position… Read more.
The 2023 Recreational Marijuana Supply and Demand Legislative report from the Oregon Liquor and Cannabis Commission states that per-gram cannabis prices in Oregon have decreased by 16% from the previous year, reaching an all-time low of $4. According to the OLCC, the market demand for marijuana in Oregon was estimated to be 52% of the supply in 2021 and 63% in 2022. Despite the deteriorating market conditions, 2022 was closer to achieving supply/demand equilibrium than 2021. This was due to OLCC Producers… Read more.
When Christine Smith began making and packaging chocolate cannabis edibles, it was only a hobby as she was a architect in Oregon. But with the state then being on the cusp of legalizing adult-use cannabis, Smith sought a creative outlet, one that mined her love of food. Little did she know that her basement tinkerings would lead to a career that would establish her company Grön as one of the largest and most recognized edible makers in the Northwest. However, it hasn't… Read more.