HB 3460–a bill allowing medical marijuana dispensaries in Oregon–was signed into law August 14th, 2013. Draft rules are being developed by a committee of 13 individuals and the state projects that the dispensary application process will open on March 1st, 2014. The state expects to collect enough revenue from application and compliance fees to fund rule enforcement ($401,638 per year for 4 new employees), and envisions around 250 dispensaries to be in operation once the market matures.
The legalization of medical dispensaries has the potential to radically alter the Oregon marijuana market in a number of ways. In the following weeks, I will examine some of the potential ramifications of this new market.
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