Oregon’s nearly four million citizens will wake up Oct. 1 with legal cannabis access, joining the 72,000 MMJ cardholders buying for patient relief. With over 200 of 345 medical dispensaries committed to open RMJ sales, Oregon is on the fast track collect an estimated $38 million (see box below) in taxes next year. The state must still create a new agency which will process a selection of new licenses, the nation’s lowest tax rate (25% after Jan. 4) and the most progressive and simplified regulatory policies (set by legislators and the Oregon Health Authority) sets the stage for Oregon’s success.
An open-to-outside investment policy means Oakland MMJ giant Harborside Health Center will open a RMJ store near the airport Oct. 1, run by Chris Helton, a former clinician at Oregon Health and Science University. And a business from Vancouver, Wash., part of the Portland metro, will be in a part of the consumer mix with its new MMJ store in Portland. Having opened on Washington’s first day last year, New Vansterdam has presumably had its share of Oregon buyers, and possibly tourists. We have had lots of visitors heading to Portland’s airport,” said a New Vansterdam/Vancouver staffer. With the Columbia River separating the first common border between two legal states will make for some new dynamics even as both states must keep production and consumption within their border.
Oregon’s landmark regulation– also a philosophy of business support means no sales tax until Jan. 4th— a 25% reduction for startup purchases, where one Oregon retailer says means prices for both MMJ and RMJ will be close, at an estimated $10 per gram. After first year, the tax will drop on Jan. 1, 2017, to between 17 to 20%. The Oregon regulators also decided against making a distinction between tagging separate MMJ and RMJ cannabis sources, saving millions in handling. Finally, a fixed RMJ tax is to be paid to growers from retail outlets at $35 per ounce and $5 per clone. RMJ may purchase flower, seeds and clones only for the first 3 months. MMJ will continue to access edibles, extracts, concentrates, tinctures, lotions and salves and RMJ will gain same access after Jan. 4.
Top MJ Spots:
Who are the Portland Biggies. According to a calculation of social
1. Oregon’s Finest
2. Bridge City Collective
3. Evergreen Medicinals
5. Club Sky High
6. Rip City Remedies
Powell House Cann Club
Health Awareness Group
9. Collective Awakenings
and No. 10. Salem’s CannaMedicine.
” See Oregon Photo Montage” at “USCannabis2015.smughug.com“