Apr 05, 2016
banking, financial, HB 4014, HB 4094, Kate Brown, OR, Oregon, retail, SB 1511, SB 1524, VA
Oregon Gov. Kate Brown signed four pieces of cannabis-related legislation this year, including two on Monday. One of the bills signed this week, HB 4094, will ensure that financial institutions that serve both medical and nonmedical cannabis businesses will not be subject to state criminal laws. The other, SB 1524, makes it easier for veterans who receive services from the VA health system to renew medical marijuana registrations.
Her signatures follow last week’s signature on SB 1511, the second of two broad cannabis bills passed this year. That bill includes provisions that will allow businesses serving adult consumers to provide medical marijuana products. It also allows medical marijuana dispensaries to sell concentrates to adult consumers.
The other broad marijuana bill, HB 4014, allows out-of-state investors for marijuana-related businesses along with other changes, and was signed on March 3.
With these signatures, attention can now turn more fully to the roll-out of licenses for businesses that will serve the adult consumer market. Many of the changes that came from legislation this year will make it easier for that transition to take place, including provisions that help established medical marijuana businesses enter into the adult retail market.