$4,000 Application Fee for Oregon Dispensary Licenses
Oregon cannabis dispensaries will have to fork over thousands of dollars for business licenses under regulations released this week.
The rules require entrepreneurs to pay $4,000 to apply for a license ($500 of which is nonrefundable) and another $4,000 annually to renew the license.
The application fee is much higher than some members of the rule-making committee initially wanted. At a previous committee meeting, one member suggested a $1,000 application fee, while another proposed just $400.
But the group settled on the higher fee, likely because Oregon’s governor previously said it is crucial to set fees that provide sufficient funding for “extraordinarily vigorous” enforcement of the rules.
Oregon legalized medical marijuana use in 1998 but did not specify allowable distribution methods. This summer, lawmakers passed a measure – House Bill 3460 – that paves the way for state-licensed, regulated dispensaries.
About 170-200 unregulated dispensaries currently exist, according to the Marijuana Business Factbook. These businesses will now have to apply for and obtain licenses to continue operating. The application process begins in March.
The regulations released this week require dispensaries to meet a host of requirements covering everything from security and record-keeping to testing, labeling and location.
Wisconsin has become the latest state to legalize cannabidiol extracts, joining Utah and Kentucky in [click to read more...]
A marijuana working group in Rhode Island is lobbying for greater oversight of the state’s [click to read more...]
Prospective medical marijuana business owners in unincorporated areas of Nevada’s largest county are making a [click to read more...]
A medical marijuana dispensary looking to set up shop in Boston can’t seem to win [click to read more...]
Colorado regulators recently moved to shut down four dispensaries that were targeted during a high-profile [click to read more...]
The nation’s top law enforcement official said he is encouraged by Colorado and Washington State’s [click to read more...]
More than 70 municipalities in Oregon have implemented moratoriums on medical cannabis dispensaries, limiting businesses [click to read more...]
Legal and illegal marijuana cultivators in Northern California could be draining valuable water from the [click to read more...]
Kentucky has joined Utah on the short list of U.S. states to legalize cannabidiol (CBD) [click to read more...]
Maryland lawmakers have revamped the state’s medical marijuana program by establishing a framework of rules [click to read more...]
The owner of one of Colorado’s largest recreational marijuana stores projects his 2014 revenues will [click to read more...]
The U.S. Securities and Exchange Commission has temporarily halted stock trading for GrowLife Inc. (PHOT), [click to read more...]
Boston mayor Martin Walsh will try to block the city’s two planned medical marijuana dispensaries, [click to read more...]
New Jersey voters are split down the middle when it comes to legalizing marijuana possession, [click to read more...]