US (OR): Oregon Cannabis Association president calls for updated laws

Cannabis is nearly a $1 billion industry in Oregon, but after years of upward trajectory, the industry has hit a wall.

Last year marked the first time that annual sales of cannabis products declined from over $1 billion in 2021 to $994 million in 2022. This comes as Oregon’s third-largest dispensary chain, Chalice Farms, recently asked Multnomah County to place five of its subsidiaries in receivership.

Hunter Neubauer, the president of the Oregon Cannabis Association, says he had a feeling that the company’s financial troubles would happen — adding that the business has been going through financial issues for some time.

“It’s really difficult to run a business when we’re fighting things such as archaic policy, such as 280E, and over-regulation and over-taxation,” Neubauer said. “It’s also really difficult when you don’t have an eye or an ear on the marketplace. If leadership isn’t involved on a daily basis, you can lose sight of what’s happening.”

Now, Neubauer says Oregon’s cannabis industry is “the most fragile it’s ever been” as demand is not keeping pace with supply.


Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber