Next week is setting up to be an action-packed showdown for some would-be progressive marijuana legislation in the Beaver State. With the bizarre standoff at the National Wildlife Refuge finally resolved, Oregon’s power brokers will be turning their attention to some slightly more lucrative matters – like overhauling Oregon’s current marijuana laws.
According to the Capital Gazette, Oregon’s legislature is looking at planting the legislative seeds of prosperity. Kicking off next week on a high note for those interested in getting involved in Oregon’s marijuana industry, first thing Monday morning the House will cast their ballot on HB 4014. If passed, this curious piece of legislation would remove the two-year residency requirement for those looking to enter Oregon’s newest commerce, potentially opening the floodgates to a pent-up horde of out-of-state investors.
Banking is not a crime: Also on Monday, HB 4094 will go before Oregon’s House of Representatives in the hopes of gaining some long-overdue support for those banks that choose to provide financial services to the budding industry. House Bill 4094 seeks to toss out any potential state criminal liability for those banks doing business within the marijuana industry. This welcome piece of legislation is meant to soothe the tattered nerves of those within world of high finance, providing cover from what many feel is an overreaching federal government.
Not enough? On Tuesday, one of the more noteworthy pieces of legislation, SB 1511, will be going before a joint committee for a vote by both members of the House & Senate. If passed, the bill would permit Oregon’s medical marijuana patients to purchase their medicine from recreational shops tax-free, representing a critical change to the states existing laws. As it currently stands, recreational pot shops and medical cannabis dispensaries are considered completely separate business models.
Provided these legislative advancements receive the required votes and pass next week, Oregon’s patients and pot patrons alike could soon see the framework around their marijuana business models change dramatically … fingers crossed.