Marijuana Business Magazine November-December 2019

Marijuana Business Magazine | November-December 2019 46 Industry Developments | International & State Oklahoma A credit union serving Oklahoma’s medical marijuana industry decided to stop doing so, a move that affects nine accounts and deals a setback for the state’s MMJ companies. Tulsa-based Encentus Federal Credit Union said that serving the MMJ industry was too costly and the regulatory burden too great. The credit union informed the customers by letter, saying it would close the accounts by Oct. 31. Oregon The state ordered a six-month halt to the sale of flavored cannabis and tobacco vape products, effective Oct. 15. The decision came after Oregon authorities disclosed that five of the nine people who had fallen ill in the state from vaping- related causes bought marijuana merchandise in licensed retail stores. According to state officials, flavored cannabis vape products make up about 10% of the overall Oregon marijuana market. After the sales halt took effect, the Oregon Court of Appeals granted a temporary stay targeting the ban covering flavored nicotine vaping products. www.kannamill.com | techsales@kannamill.com | 1-800-447-4634 Find us at MJBizCon, booth #C6113 Improved efficiency and better yield for processing cannabis and industrial hemp. Whether you’re processing 50 pounds or 50 tons per hour, KannaMill® is the most efficient, fully scalable equipment on the market for cannabis and CBD processing.