[ad_1] Can a creditor, landlord or other third party take a security interest in an OLCC license? Can an OLCC licensee collateralize or pledge its license– as if that license were personal property, and not just a permission conferred by the state? These are two sides of an academic question we’ve been batting around for years because it has serious, practical implications. The short answer is: “yes, an OLCC license can be collateralized.” Now, what…
"Oregon Cannabis: The OLCC License as Security"Tag: OLCC
[ad_1] We have been working with the Oregon Liquor and Cannabis Commission incessantly since 2015, when rulemaking commenced for the adult use program. Over the years, we’ve dealt with many, many compliance-related issues, including Notices of Proposed License Cancellation to licensee clients from OLCC. We’ve also seen the Commission change its position and philosophy drastically on enforcement. In the early days, OLCC emphasized “teaching compliance” and working with licensees who made mistakes—honestly or otherwise. We…
"The Real OLCC Scandal Is There Are Two Sets of Rules"