Oregon Moves One Step Closer to Recreational Marijuana Retail Shops

Business
Oregon Moves One Step Closer to Recreational Marijuana Retail Shops

(Photo: KTVB)

If you’re an adult in Oregon you can currently only buy recreational cannabis in a medical marijuana dispensary that sells it. But that is supposed to change by early next year when recreational marijuana retail shops begin to open up.

Last week the Oregon Liquor Control Commission awarded the first licenses under the regulations set forth for the recreational industry. Eight licenses were approved, all for cultivators (they have to get the growing started so the recreational shops approved later will have product ready to sell).

As soon as the approved growers pay their licensing fees they are allowed to legally start growing cannabis for sale to recreational shops. The OLCC expects to start issuing retail shop licenses in October after they cull through some 900 applicants.

“These licensees reflect the pioneering spirit Oregon is known for,” Rob Patridge, OLCC Chair, said in a statement. “They come from a variety of backgrounds and experiences and possess the entrepreneurial spirit of this industry.”

The above-mentioned medical cannabis dispensaries that are currently selling to recreational customers will have the ability to do so until the end of the year; that’s when retailers that are strictly recreational are supposed to take over.

All of this of course means more jobs and economic activity for the state, which also means more tax revenue. A whole new industry to drive growth across multiple sectors in the state, helping other industries grow as a result.

Not only that, but Oregon becomes the next state to join the recreational marijuana sales experiment. If the robust sales the medical marijuana dispensaries have been enjoying when it comes to recreational cannabis is any indication, things should go pretty well. As long as taxes and regulations are kept to a minimum, there is no stopping legal weed!