MJBizMag January 2021 - 32

IndustryDevelopments | International & State
Ohio
Medical cannabis businesses in the state have begun changing hands now
that a yearlong waiting period for the sale of dispensaries has expired. Six MMJ
dispensaries and two cultivation operations have already been sold, and three
dispensaries are poised to be sold, according to the Cleveland Business Journal.
Under state law, dispensaries had to wait at least a year after starting operations
before selling to another owner. Cultivators and other MMJ business types are
under no such restriction.
Oregon
Marijuana regulators adopted temporary rules for recreational cannabis business
applicants to speed up the process and help ease a licensing backlog. Key changes
include:
* Altering the definition of an applicant, including raising the ownership threshold
from 10% to 20%.
* Requiring less information and documentation for license applications.
* Lowering notification requirements for licensees altering the structure of the
business or financial interests.
* Modifications to background checks and fingerprinting for applicants.
32 Marijuana Business Magazine | January 2021

MJBizMag January 2021

Table of Contents for the Digital Edition of MJBizMag January 2021

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