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Home»Business & Industry»Oregon Cannabis Businesses Call for Permanent License Caps
Business & Industry

Oregon Cannabis Businesses Call for Permanent License Caps

January 26, 2024Updated:December 6, 2024No Comments2 Mins Read
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Oregon Cannabis Businesses Call for Permanent License Caps
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The Hashish Business Alliance of Oregon (CIAO) is asking for lawmakers to make everlasting a restriction on the licensing of recent hashish firms that’s set to run out in April, in keeping with a KLCC report.

Earlier than the statewide licensing moratorium was enacted in 2018, officers had issued over 3,000 licenses for the manufacturing, manufacturing, and retail of adult-use hashish merchandise, the report stated. “There are such a lot of companies competing for a similar quantity of market share that it’s simply not possible,” stated Mike Getlin, board chair for the CIAO.

Oregon, which was the fourth U.S. state to undertake a hashish legalization coverage, didn’t initially set a cap on the variety of out there licenses and the business has grappled since its launch with points regarding oversupply, lack of demand, and record-low wholesale and retail hashish costs.

“What we’re preventing for is to not repair the Oregon system. It’s merely to not unintentionally have an enormous previous knife caught in its coronary heart.” — Getlin, by way of KLCC

Getlin hopes that lawmakers will deal with the difficulty throughout this 12 months’s transient legislative session, which is scheduled from February 5 to March 10, as officers with the Oregon Liquor and Hashish Fee have said they might not have the authorized authority to increase the licensing moratorium themselves.

The CIAO, which represents greater than 500 hashish operators within the state, was fashioned final October following the merger of two former hashish business organizations: the Oregon Hashish Affiliation and the Hashish Business Alliance of Oregon.

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