Oregon Gov. Kay Brown signed a bill into law that enables state regulators to deny new cultivation licenses in efforts to curb a cannabis glut that has led to price crashes and illicit market sales in the state.
Senate Bill 218 specifically gives the Oregon Liquor Control Commission authority to refuse to issue grower licenses for as much time “that the commission determines necessary” based on supply and demand.
The new law could greatly benefit cannabis businesses that have experienced sharp price drops and increasing competition from bigger players.
The law also is designed to reduce diversions to the illicit market that sparked federal prosecutors to threaten a crackdown.
俄勒冈州州长.Kay Brown 签署了一项法案，使州监管机构能够拒绝颁发新的种植许可证，以遏制大麻过剩，导致价格暴跌和非法市场在该州的销售。