Beginning midnight on July 1st, those 21 and older will be allowed to possess up to eight ounces of cannabis at a private residence, or up to an ounce of cannabis in public. In addition, adults will be authorized to cultivate up to four cannabis plants for personal use.
In just five weeks, on Wednesday, July 1st, the possession and personal cultivation of cannabis will become legal in Oregon. The new law, which allows everyone 21 and older to possess up to half a pound of cannabis at a private residence (an ounce in public), will be the most progressive in the world in terms of how much cannabis an individual is allowed have in their possession.
To put it in perspective, if you’re caught with half a pound of cannabis in Washington State (anything over 40 grams), you can be charged with a class C felony, and imprisoned for up to five years (the same is true in Alaska). In Colorado, possessing half a pound is a misdemeanor with a potential year-long jail sentence.
Specifically, those 21 and older, beginning July 1st, will be legally authorized to possess up to eight ounces of cannabis (half a pound), and cultivate up to four cannabis plants for personal use. This is due to portions of Measure 91, approved by voters in November, becoming law.
The Oregon Liquor Commission has until January 1st, 2016 to establish rules and regulations for cannabis retail outlets, which are expected to open by mid-2016. These outlets will be locations where anyone 21 and older can purchase cannabis, including seeds and plants.
A new study conducted by ECONorthwest has found that the market for legalized cannabis in Oregon is quite large, and would garner tens of millions of dollars in taxes for the state in the first year.
The study, which was commissioned by New Approach Oregon, the group behind an initiative to legalize cannabis which was recently placed on the November ballot, found that in the first year of legal cannabis sales, Oregonians are likely to purchase over 1.3 million ounces (or 81,250 pounds) of cannabis. This, according to the tax rate put in place by the initiative, would equal over $38 million in taxes for the state; this isn’t counting the money saved from reduced enforcement costs.