Oregon marijuana sales soared in 2020, topping $1 billion

PORTLAND, Ore. (AP) — Oregon recreational cannabis sales soared in 2020, peaking during a challenging summer of racial justice protests and coronavirus lockdowns.

The Oregonian/OregonLive reports the result was a record year of business for the state’s marijuana purveyors, based on data from the Oregon Liquor Control Commission, which oversees marijuana sales.

Total marijuana sales in Oregon jumped from $795 million in 2019 to more than $1 billion, for the year that just ended.

State tax revenue from marijuana sales in 2020 likely will exceed $150 million. Much of that will go toward substance-abuse screening and programs to address addiction.

Read more at: https://apnews.com/article/business-coronavirus-pandemic-oregon-marijuana-b08fe949276ae844d4e5181f31affbc7