Retail shops serving adult marijuana consumers now open!
Last update: October 11, 2016
The state’s first businesses licensed exclusively to cater to adult marijuana consumers opened on October 1, 2016, signifying another milestone in the state’s long process of rolling out regulations for the adult retail market. Oregon is one of four states that has legalized and regulated marijuana adult consumption and is one of 25 allowing medical marijuana.
The programs are popular, successful, and earlier this year, lawmakers fine-tuned both programs for the benefit of the state and the residents it serves. Following changes during the 2016 session, the state will allow out-of-state investors to help fund state businesses. In addition, lawmakers also sought changes to enable the medical marijuana and emerging adult consumption businesses to merge in various ways, including serving customers from both programs under certain circumstances.
Oregon has made particular efforts to create a smooth transition into the non-medical program after voters approved an initiative that legalized access to cannabis for adults 21 and over in 2014. Existing medical marijuana dispensaries were the first to serve non-medical consumers starting in 2015, and taxes began on those sales in early 2016. In just the first month, the state collected $3.48 million in new revenue, beating local economists’ projections by a wide margin. For a closer look at the law as it currently stands, see our summary here, and be sure to check out the Oregon Liquor Control Commission’s detailed FAQ, available here.
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