Oregon has been on the forefront of the cannabis industry for many years. After legalizing medical marijuana back in 1998 and recreational marijuana last year, the state has been a pioneer when it comes to important issues like reprieve for prior crimes. Measure 91 promises to open up a $450 million market for the state by 2020, according to New Frontier Financials projections, creating jobs, raising tax revenue, and yielding opportunities for investors.

Under the new regulations, Oregonians will be permitted to grow limited amounts of marijuana on their property and possess personal amounts in limited quantities, while the Oregon Liquor Control Commission is empowered with taxing, licensing, and regulating recreational marijuana grown, sold, and processed for commercial purposes. The OLCC is currently finalizing regulations to accept and issue licenses to grow, process, and retail recreational marijuana.

These regulations include extensive compliance testing requirements designed to ensure that marijuana is...