Oregon Cannabis Sales Receipts Break Records Again

Biz Journals reports

Oregon’s cannabis industry has set another monthly sales record, reaching $110.4 million in April.

Taxed adult-use sales also cracked the $100 million mark for the first time, at $100.3 million, according to the data from the Oregon Liquor Control Commission.

It was the second straight month of record sales — just topping a revised $109.6 million for combined adult-use and medical sales in March — amid government stimulus and an improving economy.

pandemic boom last year brought several monthly records.

With the 4/20 cannabis “holiday,” April always brings big promotional efforts by retailers. But sales this April were 23% higher than last year and a whopping 77% higher than April 2019.

For the first four months of 2021, sales are running 31% above last year, at $409.4 million.

About 91.2% of that total, $373.4 million, was spent on adult-use products that are taxed at 17% by the state and 3% by cities or counties. Medical sales are not taxed.

State economists recently forecast $301 million in cannabis tax collections in the two-year budget period that ends June 30, but the spring uptick appears likely to push the total past that. In the 2018-19 biennium, the tax brought in $184.3 million.

More at    https://www.bizjournals.com/portland/news/2021/05/03/april-2021-oregon-cannabis.html?mc_cid=8050c22211&mc_eid=178dec0b63

Cannabis Law Report Has Been Publishing Legal, Professional & Regulated
Cannabis News Daily Since 2016 – All For Free

We want to carry on providing the important cannabis sector
news for free for all our readers.

Costs are rising to produce Cannabis Law Report and we’d like to ask you,
our readers, for a small donation.

Primary Sponsor

Cannabis Banking - FinCann

New: Free USA Cannabis Case Law Search – New Cases Daily

Directory Categories

Karma Koala Podcast

Sponsor – aBizinaBox

Top Marijuana Blog
%d bloggers like this: