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Thursday, October 6, 2022

Oregon Cannabis: OLCC Will Resume Processing New License Applications!

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Big news came from the Oregon Liquor and Cannabis Commission (OLCC) this week as it announced that it has resumed accepting and processing orders for new marijuana sales, wholesalers and processors submitted after June 15, 2018.

This is welcome news as OLCC has enforced Administrative “pause” On new applications to focus on existing licensees and applications submitted, but not processed. This pause, as we wrote, created an important secondary market for buying and selling licensed firms as it became the only way for cannabis entrepreneurs to enter the market.

It should be noted that the moratorium is still in place when applying for producer licenses. This is something the OLCC can do nothing about – for several weeks anyway – as the moratorium has been imposed by the legislature. This law will expire on January 2, 2022. What happens on January 3, 2022, belongs to anyone guess at this point. At the moment, the secondary market for product licenses is still very active with licenses hovering in A quarter of a million dollars.

You can read the full newsletter at this link to the OLLC website Here (or E-mail me for a copy).

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