Potimus Prime

Oregonians backing the Oregon Cannabis Tax Act looking to put a measure for the legalization of marijuana have gathered 165,000 signatures backing the proposition, well over the 87,000 required to achieve a spot on the ballot.

Should this measure be passed, Oregon will become the third state to legalize marijuana. The legalization of the use and sale of marijuana will create jobs in the hemp industry as well as drive tax revenue straight into the state’s general fund. The Oregon Cannabis Tax Act would also form the Cannabis Commission, a governing body that shall oversee the cultivation and sale of marijuana, as well as implement rules and regulations concerning such.

Source: CNBC