Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, announced that it “celebrates” the Oregon Senate’s passing of the SB408 Cannabis Omnibus Bill. According to the company, the bill represents a major step toward modernizing Oregon’s cannabis regulations to create a better business environment for the industry and further aligns Oregon’s cannabis regulations with the reality of today’s industry. Oregon Gov. Kate Brown signed the bill into law on June 29, 2021. Chalice Brands noted that it is also a supporter of the Cannabis Administration and Opportunity Act discussion draft that was proposed on July 14, 2021, which aims to de-schedule cannabis from the Controlled Substances Act. “We applaud the coalition of cannabis associations and the OLCC for engaging in this critical process to support businesses and protect public health and safety,” said Chalice Brands president and CEO Jeff Yapp in the press release. “The collaborative effort on this bill demonstrates the much-needed common sense legislative updates to elevate the industry and further cements Oregon as the cannabis market leader. Chalice is motivated by the passing of SB408 and will look to leverage what we believe to be a significant growth catalyst for many cannabis businesses operators in Oregon. The legacy of the war on drugs has unfairly impacted minorities; even as states legalize cannabis, it is long overdue for the federal government to undo decades of failed drug policy. We believe the proposed bill is a clear testament to a better path forward to begin righting these wrongdoings.”
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About Chalice Brands Ltd.
Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice operates nationally through Fifth & Root and has operations in Oregon and California. For more information about the company, visit https://investors.ChaliceBrandsLtd.com.
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