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A new report asserts that regulators in Portland, Oregon, have been slow to approve hundreds of cannabis retail applications for licenses, a situation that could further disrupt the state’s already troubled marijuana industry.
“Based on data from the Office of Neighborhood Involvement on the city of Portland’s website, it appears that only 5.4% of all applications submitted in 2016 have been licensed by the city,” said Beau Whitney, the report’s author and an economist who heads Whitney Economics.
“This is having a profound effect on the Portland cannabis industry.”
Further, the report contends, only 19 of 355 recreational