Flood of Investment Money Flowing to Oregon Cannabis Firms After Residency Change

By John Schroyer

Out-of-state investors are pumping millions of dollars into Oregon’s marijuana industry now that a restrictive residency requirement has been abolished, giving local cannabis businesses a sorely needed pipeline of money to tap as they grow.

In March, Oregon’s governor signed a law eliminating a rule that required every legal marijuana business to be at least 51% owned by an Oregon resident who lived in the state for at least two years.

As a result, cannabis companies are now free to raise money from out-of-state investors…