Oregon: Legal Marijuana Economy Generating Millions, Report Says

Marijuana is big business

OREGON: The state’s licensed cannabis industry has created over 12,500 new jobs and is generating over $300 million in annual wages, according to a preliminary economic report provided to the legislature’s House Committee on Economic Development and Trade. The report, authored by Whitney Economics, identified over 900 cannabis-related businesses (as of February 21, 2007), with another 1,225 businesses awaiting licensure. Read the full article…

Portland Projects 480 New Marijuana Businesses, $1.4 Million In Revenue From City Fees

Excited customers lined up outside dispensaries in Portland, waiting for the clock to strike midnight.

OREGON: Portland wants to charge retail marijuana stores up to $3,750 to open their doors, fees city officials say will help recoup costs associated with regulating the industry. With $890,000 in estimated annual expenses, the hefty fees proposed on marijuana businesses are meant to offset the city’s costs, officials said. So how many marijuana stores, processors, wholesalers and Read the full article…