The following content is excerpted from the Prospectus of Tidal Royalty Corp. dated January 29, 2018 filed on SEDAR.
Oregon Marijuana Industry Overview
Oregon has both medical and adult-use marijuana programs. Oregon voters passed a limited non- commercial
patient/caregiver medical marijuana law in 1998, and, in 2013, the legislature passed House Bill 3460 to create a
regulatory structure for existing unlicensed medical marijuana businesses. However, the original regulations
created by the Oregon Health Authority ("OHA") after the passage of House Bill 3460 were minimal and only
regulated storefront dispensaries, leaving cultivators and infused-product manufacturers within the unregulated
patient/caregiver system.
On June 30, 2015, House Bill 3400 was signed into law, which improved on the existing regulatory structure for
medical marijuana businesses and created a licensing process for cultivators and processors. Vertical integration is
permissible, but not required. The law does not impose a limit on the number of licenses and applications are
currently accepted on a rolling basis. Local prohibitions, zoning laws, and setback requirements between medical
marijuana dispensaries and other sensitive uses has limited the available space for new medical establishments.
Laws passed during the 2016 legislative session removed the Oregon residency requirement for medical marijuana
business ownership that existed within House Bill 3400. Currently, 379 medical dispensaries are registered in
Oregon, and the qualifying conditions list to receive medical marijuana treatment is robust and includes conditions
such as severe pain and severe nausea.
In November of 2014, Oregon voters passed Measure 91, "Control, Regulation, and Taxation of Marijuana and
Industrial Hemp Act" creating a regulatory system for individuals 21 years of age and older to purchase marijuana
for personal use from licensed retail marijuana stores. The Oregon Liquor Control Commission ("OLCC") licenses
and regulates adult-use marijuana businesses and is currently accepting applications. In addition, the OHA released
regulations authorizing medical marijuana dispensaries to sell small amounts of marijuana, concentrates and edibles
to all adults 21 years of age and older until December 31, 2016. Medical marijuana dispensaries selling products to
adult-use consumers are required to collect a tax of 25% on all adult-use marijuana products sold at a medical
dispensary. As of November 2016, 338 of the state's 379 medical marijuana dispensaries have registered to sell
marijuana to adult-use consumers.
Summary by States
Arizona State Summary >>
California State Summary >>
Colorado State Summary >>
Florida State Summary >>
Puerto Rico State Summary >>
Oregon State Summary >>
Washington State Summary >>
Nevada State Summary >>
