Oregon Legalized Cannabis Projected Profits
An initiative to legalize recreational cannabis in the State of Oregon has officially qualified for this November’s general election ballot, according to New Approach Oregon, the group behind the proposal. The group submitted over 145,000 signatures in June, well more than the 87,000 required, and the state has now verified that enough of the signatures were valid.
If approved into law by voters, the initiative will legalize the possession of up to eight ounces of cannabis, the private cultivation of up to four cannabis plants, and state-licensed cannabis retail outlets which will be regulated by the Oregon Liquor Control Commission. The initiative will only apply to those 21 and older.
A new study conducted by ECONorthwest has found that the market for legalized cannabis in Oregon is quite large, and would garner tens of millions of dollars in taxes for the state in the first year.
The study, which was commissioned by New Approach Oregon, the group behind an initiative to legalize cannabis found that in the first year of legal cannabis sales, Oregonians are likely to purchase over 1.3 million ounces (or 81,250 pounds) of cannabis. This, according to the tax rate put in place by the initiative, would equal over $38 million in taxes for the state; this isn’t counting the money saved from reduced enforcement costs.
The study concludes that if voters approve New Approach Oregon’s initiative this November, legal cannabis could be as low as $140 an ounce, far less than the cost of legal cannabis in Colorado and Washington, where an ounce is averaging anywhere from $350 to $700.
Many Oregon residents have taken full advantage of the medical cannabis laws already in place and opened legal medical marijuana collectives to provide medical marijuana patients with safe access to their medicine.
Now many entrepreneurial Oregon residents are seeing the value of cannabis business educational seminars to meet and network with a local cannabis attorney, cannabis CPA, cannabis testing lab, cannabis insurance provider, seed to sale software company, cannabis cultivators and processors. This helps put students on the forefront of impending cannabis legalization in Oregon so they are ready with all the right connections and paperwork required to open and operate legally within state guidelines.
Description of upcoming Portland seminar:
If you would like to start a Dispensary in Oregon or a grow operation, this seminar is for you. Our attorneys, accountant and industry professionals will help guide you in the right direction, with the latest House Bill 3460 dispensary rules, regulations and licensing requirements.
Here are some of the advantages of attending OCI seminars:
We will cover marijuana business basics as well as advanced business.
We will go over in a step by step format of what is going to be needed to start a dispensary in Oregon.
Choosing the correct corporate structure for your cannabis dispensary.
We will go over marijuana business permits that you will need to start operation.
Where is the best location to open your business.
How to deal with landlords.
Bookkeeping and paying taxes.
Banking solutions for the cannabis industry.
General liability insurance to cover your business and crop.
services for your business.
Industry referrals and contacts.
Advertising strategies.
How much money will be needed to start a marijuana business.
Who will be at the seminar?
Cannabis tax accountant.
Cannabis business law attorney.
Criminal attorney.
Cannabis Testing lab.
Seed-to-Sale software.
Professional growers, etc.
Cultivation & Edibles: Take lessons from professional growers from Oregon.
Get started and produce your own cannabis.
Learn to grow indoors and outdoors.
Instructions for watering, lighting, ventilation, cycles.
Equipment that will be needed.
Detailed instructions on pest control, smell abatement, security, pH balance, and drying/curing and much more.
$300 PER PERSON
CLICK HERE to enroll now for our upcoming Oregon Cannabis Institute seminar in Portland on August 16th & 17th (Saturday & Sunday) 10am-4:20pm both days. Get ready to start your successful legal cannabis business in Oregon the right way!
Oregon Cannabis Institute is under the umbrella of 420 College. Find one of our cannabis institutes near you:
https://oregon.cannabis.institute.420college.org/
http://washingtoncannabisinstitute.com/
http://illinoismarijuanaschool.com/
http://southerncannabisinstitute.com/
Written By: Tropical420
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