In November 2022, the OLCC adopted and amended a suite of cannabis rules that became effective January 1, 2023. You can download the changes here and read our previous coverage of many of these changes here, here, here, and here. Now that Oregon’s new cannabis rules are effective, let’s take a look at some of the important changes to the rules governing the Oregon industry.
Change in business structure
Oregon cannabis M&A continues at a decent pace despite a relatively sluggish 2022 in terms of sales to consumers. Our M&A practitioners remain heavily involved in several major deals. The OLCC’s new rule changes impact how marijuana businesses may be bought and sold.
The rules governing filing notice and receiving approval for changes moved from OAR 845-025-1160 to 845-025-1165. Until March 31, 2023, the notification requirements for the addition or person who would be an “applicant” remain the same. Licensees must submit a notification form to the Commission prior to making any business structure change. Beginning April 1, 2023, licensees must receive approval before the addition or removal of a person meeting the qualification of an applicant. A licensee automatically receives conditional approval after five days if a determination is
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