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Oregon Landlords Wary of Rec Industry

Posted on  August 05, 2014 by  News Admin

Entrepreneurs hoping to open retail marijuana shops in Oregon might struggle to find a location if residents legalize cannabis this fall. An informal poll found that roughly a third of local property owners are not willing to lease space to recreational marijuana stores, while 26% said they are not sure if they would. The Portland Business Journal conducted the poll online, asking readers who own suitable property to participate. The publication received 73 responses by Monday morning. Nearly 15% of landlords opposed to renting to cannabis businesses cited moral grounds, saying they personally oppose marijuana legalization and do not want to support the industry. However, some in the “no” and “maybe” groups said their main concern is the level of risk. With continued normalization of marijuana laws across the United States, these landlords may be persuaded in time to treat marijuana businesses as any other tenant. Oregon residents will vote on whether to legalize recreational marijuana sales in November.

2 Oregon Legalization Campaigns Moving in Opposite Directions

Posted on  June 26, 2014 by  News Admin

Two separate cannabis legalization campaigns in Oregon are making headlines this week – for opposite reasons. New Approach Oregon, which is spearheading a recreational legalization ballot measure, said on Monday it has gathered more than 100,000 signatures. The group has until July 3 to collect 87,213 valid voter signatures in order to quality the measure for the November ballot. Representatives from the group said they will continue to seek signatures until the July 3 deadline and hope to have a 25% to 30% buffer to account for invalid names. The news is less positive for Oregon’s Campaign for the Restoration and Regulation of Hemp, which is gathering signatures for its own legalization measure as well as for a cannabis taxation act . Eight of the group’s 10 petition canvassers are on strike, complaining about late paychecks and other issues. On Monday, the strikers made an offer to return but were locked out. The group is lagging behind in its signature push for both measures. Oregon voters rejected ballot initiatives to legalize marijuana in 1986 and 2012.