Your license transition plan should consider employees.
You?re new to the Oregon cannabis scene and quickly realize you won?t be able to open a newly licensed cannabis retail store due to the Oregon Liquor Control Commissions (OLCC) pause on issuing new licenses that went into effect on
June 15. But what about purchasing an existing retail store from a licensee?
It is possible to purchase a retail marijuana business and receive a license from OLCC. However, no money or control of the store can take place until the OLCC vets the new ownership to ensure compliance with the marijuana rules and statute. Typically, the seller and buyer enter into binding agreements to sell the store (technically, a...
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