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Oregon Moving to Change Law Banning Out-of-State Marijuana Investors

A bill that would open Oregon’s marijuana industry to out-of-state investors passed out of committee Tuesday and now heads to the House.

The provision, part of House Bill 4014, removes the two-year residency requirement included in a law passed last year by the Legislature.

The legislation is among several marijuana-related bills moving through the  35-day session, which began last week.

Senate Majority Leader Ginny Burdick, co-chair of the committee, said the pending marijuana legislation represents “some of the major work that will be done in this session.”

Burdick, D-Portland, emphasized the urgency of the bills, saying the issues are critical to those entering the market. [Read more at the Portland Oregonian]

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