HB4121: Information for Oregon Cannabis Business Buyers & Sellers
Update: HB4121 was signed into law by Governor Kotek on March 20, 2024
The bill HB4121 brings significant changes to the licensing restrictions in the state. With HB4121 now signed into law, the Oregon Liquor and Cannabis Commission (OLCC) cannot accept new applications for licenses until certain adult populations ratios are hit. For producer and retail licenses, the ratio is 1 license for every 7500 adults over 21, and for wholesalers and processors the ratio is 1 license for every 12,500 adults over the age of 21. Furthermore, the bill extends the moratorium deadline for counties facing a cannabis-related state of emergency from March 31, 2024, to December 31, 2024.
It's important to note that all rights and privileges for existing licenses obtained before January 1, 2025 are grandfathered in, so this will not affect an existing licensee’s ability to renew, buy, sell, change location, or change canopy size, nor does it apply to applications currently in the queue.
Additionally, The OLCC retains the ability to increase canopy sizes (tiers) to meet demand in the case interstate commerce becomes legal or for any other reason.
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Stay informed and read the full bill below:
