New Oregon law reduces regulatory burdens for cannabis businesses

New Oregon law reduces regulatory burdens for cannabis businesses

Author: mjbizdaily

Oregon relaxed some of its cannabis regulations that industry officials said were limiting business growth, hurting licensees and threatening the economic viability of the state’s $1 billion-plus industry.

Most of the provisions of recently enacted Senate Bill 408 will go into effect Jan. 1, 2022, unless regulators take action earlier through emergency rule-making.

“The passing of SB 408 into law is a huge step towards overhauling and modernizing Oregon’s cannabis regulations – creating a better business environment for the industry,” Jesse Bontecou, co-director of the Oregon Retailers of Cannabis Association, said in a statement.

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