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Oregon-Northwest

Oregon marijuana sales soared in 2020, topping $1 billion

Oregon legal marijuana

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

Business / Government-politics / News / Top Stories

The Associated Press

Comments

7 Comments

  1. Plenty of room for more taxes on those materials, bump the tax to 25% of gross sales. I have to wonder how many tons of carbon these pot growers and hemp growers are putting out every year. There is a “hemp” farm on Gift road that is burning huge piles of processed fiber, far more than they ever grew, I wonder if they have the right permits to process other people’s plants?

    1. Cannabis Sales tax?
      Sure, go ahead and raise it.
      The camel’s nose is already in your tent, the rest will soon follow.
      Sales taxes are addictive to states, Oregon is already hooked and doesn’t even realize it yet.
      What else is going to get an Oregon sales tax slapped on it next, booze, ammo, bicycles, guns, pickup trucks, electric cars, bumper stickers ..?

      1. Yup, Dumbocrates have NEVER seen a tax they do not like. Under China Joe, all the items – plus more – will be taxed higher to support those who are scamming the system.

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