Oregon Cannabis Businesses Call for Permanent License Caps

The Cannabis Industry Alliance of Oregon (CIAO) is calling for lawmakers to make permanent a restriction on the licensing of new cannabis companies that is set to expire in April, according to a KLCC report.

Before the statewide licensing moratorium was enacted in 2018, officials had issued over 3,000 licenses for the production, manufacturing, and retail of adult-use cannabis products, the report said. “There are so many businesses competing for the same amount of market share that it’s just not feasible,” said Mike Getlin, board chair for the CIAO.

Oregon, which was the fourth U.S. state to adopt a cannabis legalization policy, did not initially set a cap on the number of available licenses and the industry has grappled since its launch with issues relating to oversupply, lack of demand, and record-low wholesale and retail cannabis prices.

“What we’re fighting for is not to fix the Oregon system. It is simply to not accidentally have a big old knife stuck in its heart.” — Getlin, via KLCC

Getlin hopes that lawmakers will address the issue during this year’s brief legislative session, which is scheduled from February 5 to March 10, as officials with the Oregon Liquor and Cannabis Commission have stated they may not have the legal authority to extend the licensing moratorium themselves.

The CIAO, which represents more than 500 cannabis operators in the state, was formed last October following the merger of two former cannabis industry organizations: the Oregon Cannabis Association and the Cannabis Industry Alliance of Oregon.

Get daily cannabis business news updates. Subscribe

Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.

Thanks for reading our latest news article. Stay up to date on the latest hemp news, sourced and approved by HempRevs. If you have any questions or comments, please feel free to leave us a message in the comments!

Sign up for our weekly newsletter to stay up to date on the latest Industry news and check back soon for our next story!

Source Disclaimer: This article was was sourced from Ganjapreneur.com (the Original Publisher). In order to maintain the functionality, trust, and safety of HempRevs.com, the content sourced from the Original Publisher may have been altered. Read the original article here:
Oregon Cannabis Businesses Call for Permanent License Caps

Your subscription could not be saved. Please try again.
Awesome! You've Successfully Subscribed!

Join Our Newsletter

Get our latest reviews, news, and articles sent to your inbox every week!

Latest Articles

Galaxy Treats Banner Ad - 300x600

Related Content

Leave A Reply

Please enter your comment!
Please enter your name here