The cannabis licensing process in Portland is reportedly so bogged down with problems, entrepreneurs and businesses are taking a major financial hit every month. Some have even been forced out of business.
That’s according to a new report released by the city of Portland and Office of Neighborhood Involvement. A chief economist who works closely with marijuana businesses hoping to forge a legal path into local industry says the complicated bureaucracy of the process has forced some applicants to go belly-up. As of last month, only 19 out of 355 applicants had received their licenses. Another 30 cleared the process, but were waiting to pay their respective fees.
The economist noted that if the city fails to license a significant number of more cannabis businesses soon, the effect on the marijuana market in Oregon overall is going to be greatly adverse. Continue reading