Bill, HB 4014, means big out-of-state businesses will have an easier path to break into Oregon’s marijuana marketplace by eliminating a two-year residency requirement for recreational marijuana producers, processors and retailers.
This new legislation will also permit cannabis businesses to deduct business expenses permitted under federal tax rules when they file their state taxes
It also could increase the number of MMJ customers into OR because another clause cuts registration card fees for veterans from $200 to $20.
Bill, SB 1598, also makes it easier for small in-state MMJ growers to compete in the recreational market by reducing fees and required paperwork when applying for state recreational marijuana licenses.
MMJ Biz reports that two other bills are awaiting the Gov Brown’s signature
SB 1511, which accelerates the timeline for when dispensaries can sell cannabis-infused edibles and concentrates as recreational products, and HB 4094, which makes it legal for banks and credit unions to open accounts for marijuana businesses.