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Oregon bills to make cannabis banking, investment easier sail forward – Marijuana News

Bills to eliminate residency requirements for pot business ownership, give lenders legal protections and combine medical and recreational cannabis retail outlets all moved forward easily in the Oregon Legislature last week, though none have yet become law.

While all relate to cannabis, the three bills seek to achieve a variety of outcomes for the young industry.

House Bill 4094 aims to address the "duffel bag full of cash" conundrum that plagues the legal marijuana industry.

Due to the substance's federal illegal status, many lenders are wary of providing financial services to cannabis companies.

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Mason Walker ~ Portland Business Journal ~

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