Faced with a significant cannabis surplus, a new law in Oregon could ultimately enable business owners to export pot to other states.

Kate Brown, Oregon’s Democratic governor, has signed Senate Bill 582 into law, which allows the state to negotiate and enter into agreements to ship its marijuana off to other states—a practice that is still barred under federal law.

The bill is one of two newly signed laws designed to combat the over-saturation of marijuana in the state. The other measure, SB218, allows the Oregon Liquor Control Commission to “refuse to issue production licenses…for an amount of time that the commission determines necessary,” based on supply and demand.

The two new laws are a byproduct of Oregon’s nascent recreational cannabis industry, which was ushered in after voters approved a measure legalizing pot in 2014. More specifically, the laws are a direct response to the absence of restrictions on the number of cannabis licenses issued in the state, something that distinguishes Oregon from other placed in the U.S. that have also ended marijuana prohibition. 

The reason, according to Denver attorney Vicente Sederberg, was Oregon’s desire to welcome pot dealers who had worked in the black market into the newfound legal

Read More Here…