Oregon Gov. Tina Kotek has signed into legislation Home Invoice 4121, extending the state’s moratorium on new marijuana enterprise licenses.
An present pause on new licenses in Oregon had been attributable to expire this month.
The Hashish Business Alliance of Oregon had lobbied in favor of the laws, arguing that too many companies have been competing within the state.
The textual content of the legislation prohibits the Oregon Liquor and Hashish Fee from taking new license functions except sure thresholds are met primarily based on the variety of licenses per Oregon residents 21 and older:
- For manufacturing and retail licenses, not a couple of energetic license per 7,500 residents.
- For processor and wholesale permits, not a couple of energetic license per 12,500 residents.
Oregon’s authorized hashish business has suffered from a boom-bust cycle within the face of overproduction.
The state’s out of doors marijuana harvest final October yielded 15% greater than in October 2022.