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