Oregon’s Emergency Board approved
a loan of $583,000 yesterday to the Oregon Liquor Control Commission so that it can begin implementation of an initiative approved by voters in November which legalizes the possession, private cultivation and state-licensed sales of recreational cannabis.
The money will help the Oregon Liquor Control Commission – the entity tasked with regulating the new industry – with hiring new staff, procuring legal advice and beginning outreach efforts. The goal is to have the Commission pay back the money to the state by the end of the 2015-17 budget cycle.
Read moreOregon Approves Funding to Begin Implementing Cannabis Legalization