Oregon… Measure 109… equity
While there is likely some local economic value in opting into Measure 109, the developing psilocybin industry is presenting regulatory and capital barriers that are already pricing out small and medium sized businesses… Measure 109 explicitly forbids local government from imposing local taxes.
Creating a situation where only the most well capitalized businesses can enter the industry. Therefore, many local governments will not opt into an industry that could become dominated by a few well financed companies and multinational corporations who will find a work around to Measure 109’s residency requirement through complicated business structuring…
Original Article (Green Light Law Group):
Oregon counties moving to opt-out of measure 109
Artwork Fair Use: Arkyan