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Cannabis Tax Act Submits Signatures


 Supporters and organizers of Initiative 9, the Oregon Cannabis Tax Act (OCTA), submitted 165,000 signatures to the Oregon Secretary of State’s Office this morning, and more signatures are expected to be turned in later today, the deadline for initiatives to qualify for Oregon’s November ballot.

 

“With nearly double the signatures needed, we’re confident we’ll qualify for the ballot and we’re excited to start reaching out to common-sense Oregon voters across the state,” says chief petitioner Paul Stanford in a press release.

 

The Oregon Cannabis Tax Act would regulate cannabis for adults 21 years of age and older, with sales through state-licensed stores only and 90 percent of the tax revenue would go to the state’s general fund. The measure would also approve and help kick-start an agricultural hemp industry in Oregon, say supporters.

 

“Taxing and regulating cannabis and agricultural hemp will create thousands of Oregon jobs, from agricultural jobs in hard-hit rural counties to manufacturing and engineering jobs in big cities and small towns. With countless applications in fiber, medicine, biofuel, food and consumer health products, hemp is a natural fit for Oregon world-leading sustainability economy,” reads the press release.

 

“A regulated hemp and marijuana industry in Oregon is about jobs, it’s about economic development,” says Jeff Anderson of the United Food and Commercial Workers Union Local 555, which recently endorsed the Cannabis Tax Act. “We need to stop wasting time and allow Oregon’s entrepreneurs to create living-wage jobs. The time is now.”