Cannabis Status
Medical and Recreational
Overview of Medical Cannabis in Oregon
Ballot Measure 67 for possession and use was passed as a ballot initiative in 1998, House Bill 3460 for authority to license and regulate businesses passed as a legislative bill in 2013, and House Bill 3400 for a single framework for both medical and recreational, as well as creating requirements for labeling packaging, and testing passed as a legislative bill in 2015. Patients are required to obtain a statement from their primary doctor. Home Cultivation is allowed.
Possession Limit
24 oz flower, 16 oz medical cannabinoid in solid form, 72 oz in liquid form, 16 oz of concentrate, 5 grams extract, 4 immature plants and 50 seeds. These can all be possessed by either the patient or their caregiver.
Overview of Recreational Cannabis in Oregon
Measure 91 for the authority to license and regulate businesses was passed as a ballot initiative in 2014, and House Bill 3400 for a single framework for both medical and recreational, as well as creating requirements for labeling, packaging, and testing passed as a legislative bill in 2015. Home Cultivation is allowed.
Possession Limit
1 oz flower in public and 8 oz total, 16 oz cannabinoid in solid form, 72 oz in liquid form, 16 oz of concentrate, 5 grams extract or concentrate, 4 immature plants and 10 seeds.
Hemp Status
Legal
Overview of Hemp in Oregon
Industrial Hemp was made legal in 2016. House Bill 2371 for the testing of Hemp prepared for human consumption was passed as a legislative bill in Oregon in 2017.
Hemp was then federally legalized in the 2018 Farm Bill, signed December 20, 2018.
Cannabis Inventory and IFRS Biological Assets – Inventory Records
in Alaska, California, CannaBlog, Colorado, Maryland, Massachusetts, Michigan, Nevada, Ohio, OregonAs cannabis companies continue to move to the public markets in Canada, high quality inventory records become much more important. Not only is there greater disclosure and scrutiny of financial information, but International Accounting Standard 41: Agriculture (IAS 41) requires additional computations on biological assets (plants and all inventory derived from those plants) to bring […]
The Importance of Proper Crop Insurance
in California, CannaBlog, Colorado, Michigan, Minnesota, Montana, New York, North Dakota, OregonOver the past year, Bridge West has been working closely with many hemp and CBD clients on setting up their businesses and financial projections. The demand for CBD has sky-rocketed and farmers and business owners are very interested in supplying that demand. Although there are notable differences, and each industry has unique challenges, our expertise […]