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|Archives - September 2009|
|Thursday, August 20, 2009|
In August, Oregon became the seventh state to legalize the growing and processing of hemp. The new law is largely symbolic because a federal law banning all forms of cannabis supersedes it, but it also represents a growing movement toward bringing back domestic production of a plant with a long history of industrial uses. Certainly there is money in marijuana, industrial hemp’s naughty cousin. But what about industrial hemp, the stuff of rope, not dope?
A dozen Oregon companies import hemp from countries where it is grown legally to make everything from massage lotion and dresses to hemp nut butter and ice cream. Most of these businesses are small, home-based outfits, but several, such as Living Harvest of Portland and Merry Hempsters of Eugene, have proven that the hemp market has serious potential. In fact, Living Harvest is one of the state’s most dynamic small companies, growing from eight employees in 2007 to 15 in 2008 while boosting revenues to nearly $5 million. Living Harvest CEO Hans Fastre expects sales to grow another 40% or 50% this year as more stores start carrying his hemp milk, frozen treats and protein powder.
Living Harvest imports 2 million pounds of hemp seeds from Canada each year. Because of drug laws, the seeds must be de-hulled using a process Fastre calls “inefficient and tedious” to ensure they will not be sprouted. Fastre is trying to convince the feds to allow him to import whole seeds or, better yet, to use locally grown seeds.
“Why not stimulate the economy by bringing a new crop into the state?” Fastre asks. “We would love to spend our money locally.”
Dena Purich, founder of Earthbound Creations of Eugene, agrees. She started her hemp clothing business in 2007 and saw her sales triple in 2008. She buys thousands of yards of hemp fabric through a Colorado company that imports in bulk from China, but she says, “In an ideal world everything would be done here in Oregon.”
“It would certainly save time and money and hassle,” says Gerry Shapiro, president of Merry Hempsters, a 10-employee enterprise in Eugene that converts Canadian hemp oil into salves and lip balm.
Shapiro has been in the hemp business since 1994, and he’s confident he’ll do fine with or without local materials. “Either way, we’ll be in business,” he says. “I just think it’s ridiculous that we can’t grow it here.”
Friday, March 14, 2014
BY TOM COX | OB BLOGGER
Five books that will make you a better leader.
Thursday, February 20, 2014
BY VIVIAN MCINERNY | OB BLOGGER
As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.
Tuesday, February 25, 2014
BY JESSICA RIDGWAY
Ron Green became president and CEO of Oregon Pacific Bank in August 2013.
Friday, April 11, 2014
TOM COX | OB BLOGGER
The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.
Tuesday, March 25, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Oregon is home not only to many fine writers but also several accomplished small publishers.
Tuesday, April 08, 2014
BY HANNAH WALLACE | OB BLOGGER
It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.
Thursday, April 03, 2014
BY OB STAFF
Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.
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Oregon State University's hospitality degree program invests in next-generation leaders.
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Samuel Hernandez, an Associate at Barran Liebman, is the recipient of a 2014 Oregon State Bar Litigation Section Rising Litigator Award.