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Cannabis industry faces tension over energy use

An Oregon power company has recently found itself in a bind when it was forced to increase generation capacity in Santiam Canyon to power a new lumber plant. Rob Freres, Executive Vice President of Freres Lumber says he has serious concerns that the energy marijuana growers in the area consume could potentially restrict future growth of his business. He added that , 

"It is an electricity devouring industry."

Business

CBD market to reach $2.1 Billion

The CBD market is expected to reach $2.1 billion in consumer sales by 2020 according to The Hemp Business Journal. Some analysts forecast it could surpass $3 billion by 2021 as legalization and consumer use spreads. 

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