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Will Oregon Only Allow Residents to Invest in State’s Legal Cannabis Industry?

SALEM — Oregon lawmakers are about to address the question of whether to allow out-of-state businesses to participate in the state’s new legal pot marketplace.

Recreational marijuana stores will not open until 2016 because the state still has to set up a licensing system, but adults age 21 and older can legally possess pot starting July 1 thanks to Measure 91 that voters approved in November.

A legislative committee working to implement legal pot added language to a bill this week to place residency requirements on the state’s medical marijuana program, and committee members acknowledged they are thinking about similar requirements for the recreational system.

“There have recently been a lot of questions about the residency requirement, and whether we’re on strong legal ground with our residency requirement,” committee co-chair Sen. Ginny Burdick, D-Portland, said on Wednesday. “And that’s contemplated for the future recreational bill that will be coming.” [Read more at The Daily Astorian]

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