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Home»Business & Industry»Oregon Lawmakers Pass Bill to Cap Cannabis Licenses
Business & Industry

Oregon Lawmakers Pass Bill to Cap Cannabis Licenses

March 14, 2024Updated:December 6, 2024No Comments2 Mins Read
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Oregon Lawmakers Pass Bill to Cap Cannabis Licenses
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The Oregon Legislature final week handed a invoice to cap the variety of hashish licenses within the state – an try and mitigate oversaturation within the state’s business. Based on the staff member summary, the invoice would cap manufacturing and retail licenses at one every per 7,500 residents 21-and-older, and at 12,500 per resident 21-and-older for processor and wholesale licenses.    

The laws comes as Oregon’s authorized hashish market skilled a decline final 12 months to $955 million in gross sales. The market had peaked in 2021 with $1.2 billion in gross sales. Retail hashish costs in 2023 fell to $4 per gram.   

The measure would additionally enable inter-agency cooperation for inspections and enforcement of business hemp operations, together with permitting for Nationwide Guard help to assist the Oregon Division of Agriculture (ODA) and regulation enforcement in inspections and enforcement of business hemp legal guidelines.  

Moreover, the invoice directs the Oregon Liquor and Hashish Fee OLCC, in session with ODA, to create a map of places of premises licensed to provide hashish or industrial hemp and Permits regulation enforcement businesses to accompany the division to industrial hemp operations all through the state. It additionally directs the fee to ascertain a registration system for industrial hemp merchandise that include cannabinoids and are supposed for human or animal consumption or use and establishes a civil penalty as much as $10,000 for every registration violation. 

The invoice additionally directs the OLCC to ascertain uniform requirements for minor decoy operations to research the sale of hashish merchandise to people below 21.  

If signed into regulation by Gov. Tina Kotek (D), a lot of the measure’s provisions take impact January 1, 2025, whereas the registration system to industrial hemp would take impact January 1, 2026.  

Get day by day hashish enterprise information updates. Subscribe

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