Oregon’s over 250 medical cannabis dispensaries are now able to sell to recreational users, with many of the shops opening at midnight to those over 21.
Buyers are currently allowed to purchase up to seven grams of dried cannabis, in addition to seeds and plants. Edibles and oils are still restricted to medical patients until the state creates regulations around the products.
The end of prohibition in the state also comes with another incentive for buyers – the state’s 20 per cent tax on cannabis doesn’t begin until January.
“That supply chain is only built for 70,000 people,” Peters said. “Overnight, we’re going to go to 326,000 customers and that’s probably a low number. Plants can only grow so fast and it’s not until January the OLCC will start issuing the recreational cultivation licenses.”
Oregon only approved indoor growth of cannabis in October, so those operations haven’t had a long lead-time to begin large scale production.
“We have kind of a seasonal growing market here in Oregon,” said Nectar Cannabis owner Jeremy Pratt in Portland. “We have lots of product in the fall, and then it kind of gets tight this time of year anyway.”