Oregon governor signs bill in effort to rein in marijuana oversupply

Oregon Gov. Kate Brown signed a bill into law that enables state regulators to deny new cultivation licenses in efforts to curb a cannabis glut that has led to price crashes and illicit market sales in the state.

Senate Bill 218 specifically gives the Oregon Liquor Control Commission authority to refuse to issue grower licenses for as much time “that the commission determines necessary” based on supply and demand.

The new law could greatly benefit cannabis businesses that have experienced sharp price drops and increasing competition from bigger players.

The law also is designed to reduce diversions to the illicit market that sparked federal prosecutors to threaten a crackdown.

Latest Headlines

3 comments on “Oregon governor signs bill in effort to rein in marijuana oversupply
  1. Rra on

    This is absolutely the only thing I agree with this woman has ever done as Oregon Governor..she is ruining Oregon..Portland to Eugene should be cut out of Oregon like a case of merica!

  2. Carol Rogers on

    The law was originally for small local businesses . Then it changed to allow huge out of state Corp. That put us out of business!

Leave a Reply

Your email address will not be published. Required fields are marked *