By Steve Elliott
Portland mayoral candidate and Oregon State Treasurer Ted Wheeler said at a roundtable this week that as mayor, he would lead on cannabis policy.
"First of all, let's acknowledge that this is a legal and regulated industry," Wheeler said. "Some of the issues I'd like to see resolved include banking.
"Right now, the cannabis industry does not have access to a legal banking framework," Wheeler said. "That means it's a high volume cash industry. That creates some public safety issues.
"It certainly makes it more difficult for the industry to be regulated the way people expect the industry to be regulated and frankly it makes it a very difficult proposition for those in the cannabis industry whether they're growers or whether they're suppliers or whether they're at the retail level," Wheeler said.
Wheler took a refreshing stand against the trend towards over-regulation of legal cannabis. Oregonians need only look north at their neighbor Washington to see the implementation of a wildly over-regulated legal marijuana industry, leading to unnecessarily high prices and over-taxation (a special 37 percent cannabis tax).