|Jobs Watch: Marijuana measure makes ballot||| Print ||
|Friday, July 16, 2010|
The Secretary of State's office has announced that I-28, the medical marijuana dispensary initiative, has qualified for the November 2 ballot.
Organizers of the I-28 campaign turned in 130,702 signatures, 85,848 of which turned out to be valid, narrowly exceeding the required number of 82,769 valid signatures. A separate campaign to legalize marijuana and sell it through state-run liquor stores went nowhere.
The idea behind I-28 is to allow people to set up nonprofit dispensaries for selling marijuana to people holding medical marijuana cards. The system would be overseen by the state health department.
Such a system would almost certainly result in a gold rush to tap into the growing market for legal weed, which has been lucratively exploited in California and Colorado. Marijuana is the nation's largest cash crop, and any move to update regulations controlling how it is grown and sold will create opportunities within Oregon's already sizable marijuana business (see the "by the numbers" chart to the left). Just because an operation is a nonprofit doesn't mean it can't bring in big money. The dispensaries also would bring new revenue into state government from license fees.
On the other hand, they could also create new challenges for law enforcement officers already overwhelmed with medical marijuana scams where growers cross the line between legal and illegal sales and produce way more bud than they are legally allowed, selling the excess for illicit profit.
The transition could be messy. It also may be inevitable. The Obama Administration has pledged not to crack down on medical marijuana, and history has shown that given the opportunity to liberalize marijuana laws, Oregon voters will do so, with each new vote bringing the state closer to legalization. In an Oregon Business poll conducted in May, more than 80% of voters favored legalizing marijuana.
Ben Jacklet is managing editor of Oregon Business.
|Processed foods looking more natural|
|Builders point to 'home within a home' housing trend|
|Apple reveals U.S. data inquiries|
|Microsoft Office finally available on iPhones|
|IMF gives U.S. economy thumbs down|
|Airbus 350 completes maiden flight|
|Supreme Court rules against human gene patents|
|100 Best Green Companies to Work For in Oregon 2013|
|Design for change|
|Nurturing startup success|
|The sharing economy|
|Oregon State Treasurer Ted Wheeler balances life, work, play|
|Froelick Gallery's art dealer|
|The art whisperer|
Lane Powell is proud to announce the formal launch of their Privacy and Data Security Practice Group, which was organized to better serve their clients in this increasingly popular area — an area their attorneys have been working in for years.
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.