Confederated Tribes of Warm Springs Projects $26mm Profit from Potential Oregon Cannabis Project

warm springs
Courtesy of KWSO

Last week, the Squaxin Island Tribe of Washington opened the nation’s first cannabis dispensary on Native American tribal grounds, and the Confederated Tribes of Warm Spring could soon follow in Oregon according to The Bulletin, a local newspaper in Bend:

The Warm Springs Indian Reservation may soon be home to a 36,000-square-foot marijuana greenhouse, owned and operated by the Confederated Tribes of Warm Springs.

On Dec. 17, tribal members will vote on whether the Warm Springs Tribal Council should be authorized to “allow, regulate and operate an on-reservation, tribally owned cannabis cultivation and extraction facility, with retail sales allowed only off the reservation.”

At least a 30 percent turnout — approximately 1,110 tribal members — is necessary to make the vote valid, and of those who cast ballots, at least 51 percent must vote in favor of the proposed marijuana project to allow it to go forward.

The article cites projections that the first year profit could approach $12mm and then exceed $26mm in the second year of operation.  The company would partner with Colorado dispensary operator Strainwise.

Read “Pot business interests tribes” by Beau Eastes:

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