Oregon receives over 1,300 rec business applications

Interest in Oregon’s recreational marijuana industry is off the charts.

The state has received over 1,300 applications from companies that are hoping to obtain licenses to open recreational marijuana businesses.

To date, the Oregon Liquor Control Commission – which is overseeing the coming recreational marijuana industry in the northwestern state – has issued about 200 licenses, according to the Oregonian.

Nearly all of the licenses that have been awarded so far are for cultivation operations.

The agency expects it will take until the end of the year to get through all of the submissions, given that the state has no cap on the number of rec permits it will issue.

Delays have cropped up in the form of incomplete applications and questions over outdoor cultivation logistics. But the full adult-use cannabis market is expected to make its debut on Oct. 1, precisely a year after medical dispensaries were allowed to begin selling limited amounts of cannabis to any adult over the age of 21.

Medical dispensaries planning to transition to selling rec have until the end of the year, the Oregonian reported. Those that want to make the jump shouldn’t delay: The Oregonian noted that insiders estimate it takes about 45-60 days to review everything the state requires for a license.

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