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WIRE: Oregon governor signs several marijuana reform measures

Salem, OR: Governor Kate Brown has signed several pieces of legislation into law amending statewide regulations governing cannabis commerce.

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Last week, Brown signed emergency legislation, House Bill 4094, to encourage financial institutions to engage in financial relationships with state-compliant marijuana businesses. The measure “exempts financial institutions that provide financial services to (state-approved) marijuana related businesses, researchers and laboratories from any criminal law of this state.”

Many financial institutions are reluctant to engage in relationships with marijuana-related business out of fear of federal sanctions.

The Governor also recently signed separate legislation, Senate Bill 1511, to permit adults to legally purchase cannabis-infused edible products, and House Bill 4014, which allows out-of-state residents to invest in marijuana-related businesses.

For more information, please contact Danielle Keane, NORML Political Director, at (202) 483-5500, or visit NORML’s Take Action Center at: http://www.norml.org/act.

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