Fagan, a Democrat, will leave office after May 8. She said that while she is"confident" that an ethics investigation will show that she followed the law, her work for the company has become a"distraction.
Fagan admitted last week to accepting a role at the cannabis firm Veriede Holding, an affiliate of La Mota, bringing in $10,000 a month in additional income. Her contract indicated that Fagan would receive a $30,000 bonus if the firm obtained a business license in a state other than Oregon or New Mexico, according to The Oregonian.
The private company also donated around $250,000 to her campaign, along with contributions to other top Democrats, including Gov. Tina Kotek. Kotek has pushed for two investigations related to the matter, one by the Oregon Government Ethics Commission and the other by the Department of Justice.Kotek has selected Deputy Secretary Cheryl Myers to serve as acting Secretary of State while searching for a replacement.
“At this time, I believe it is in the best interest of our state for me to focus on my children, my family, and personal reflection so that the secretary of state staff can continue to offer the exemplary customer service Oregonians deserve,” Fagan said in the closing of her statement.
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