Oregon Legislature Could Greenlight Critical Changes to Marijuana Laws

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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 crimeAlso 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.

About Author

Born in Long Beach, raised on the central coast: I surf, dab, burn, and blog – though not necessarily in that order. I'm a husband, a father and a lifelong consumer of connoisseur grade weed. I don't drink alcohol or consume any other "drugs." I consider myself to be living proof that weed is not a gateway drug. If it were, I'd be in some serious trouble. Instead, as a 50-year-old ex-realtor that has been smoking weed for nearly 80% of my life (just did the math) ... I can only say, marijuana is safer than prescription pills or alcohol could ever hope to be for calming what stirs the savage beast.

  • Bongstar420

    The out of state provision is not a necessary thing for the industry.

    This rule is more important to the establishment for maintaining their dominant financial positions and ideological reasons than it is actually for a functioning industry.

    Would the people voting for out of state ownership also vote to bar ownership by anyone who cannot produce their own products with their own hands and expertise?

  • Once again, the residency issue is mischaracterized. Out of state residents are currently allowed to invest in the Oregon marijuana industry – they just need to have a 2 year Oregon resident that is the majority owner. So it basically requires out of state residents to invest in Oregonians’ businesses. Lifting the residency requirement means those out of staters can start their own businesses without any Oregon residents as owners.