Quote Originally Posted by Valda View Post
That's weird. From my Babylon dictionary:

обладать
v. possess, own; be master of; get; rejoice; enjoy
Here is another result:
обладать - Wiktionary

And one more result:
обладать (imperfect, intransitive) : to possess, to own, to be master of, to be in sexual connection with, etc.
"обладать весом" = to have weight

But, in the meaning of "possess" ( since it is formal ), the following construction is used most often (as you may know better) :
"у [ subject, genitive ] есть [ object, nominative ] ."