Oregon Now Accepting Marijuana Business Applications
Monday marked the start of the application process for those seeking to operate a business that would serve the adult retail market in Oregon. Applicants can now apply to be a non-medical marijuana producer, processor, wholesaler, laboratory, or retailer, or obtain a research certificate, on the state’s website.
This stage marks an important milestone in the transition now underway in the state. Currently, medical marijuana dispensaries participating in early-start recreational sales can provide cannabis for adult consumers, with dedicated shops serving the adult market coming online late this year. Monday also marked the first day that sales taxes apply for retail transactions. Participating medical dispensaries are now taxed at 25% for non-patient sales, but the sales tax could be as low as 17% for those with retail licenses.
State licensing officials report they will focus on cultivation and testing lab applications at the outset to help ensure production can begin as early as possible, and licenses could be issued in the spring. Retail shops are expected to open in the fourth quarter of this year.