Second-straight month, Oregon breaks sales records for regulated cannabis

$89 million in sales, April alone.

The Oregon Liquor Control Commission reports marijuana sales were up 45% in April, compared to last year, making April 2020 the largest month on record for the state.

Oregon’s annual tax revenue from recreational marijuana sales now exceeds $100 million. The state collects 17% tax on retail cannabis sales, while counties or cities can apply a 3% tax.

Oregon’s annual tax revenue from recreational marijuana sales exceeds $100 million. The state collects 17% tax on retail cannabis sales, while counties or cities can apply a 3% tax.

Legal pot has provided a steady stream of tax revenue when other sources like personal income or state lottery revenues are less predictable due to the struggling economy and stay-at-home orders.

It’s kind of a no-brainer if you think about it,”

Said Robb Arnold, owner of Jayne, a marijuana dispensary in Northeast Portland.

Arnold explained that Oregon is an example of a state that has seen the legal cannabis industry flourish by delivering much needed tax-revenue and jobs, even in the toughest of times economically.

https://www.kgw.com/article/news/health/coronavirus/oregon-sees-record-breaking-89-million-in-marijuana-sales-for-april/283-fae5cbc4-0d25-4936-b749-bf049a408270

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