Oregon: Nearly $80 Million in Legal Marijuana Sold in May, Price Per Gram Down to $3.81

There was just shy of $80 million in legal marijuana sold in May in Oregon.

In total Oregon marijuana stores sold $79,071,330 worth of marijuana and marijuana products. This is slightly less than, but roughly on par with, the $80.7 million sold in April and the $81 million sold in March. It’s about 6% less than the $84 million sold in May, 2022. This is all according to data released by the Oregon Liquor and Cannabis Commission (OLCC).

Oregon garnered roughly $13.4 million in taxes from the $79 million in marijuana sold in May, based on the state’s 17% marijuana tax rate. This doesn’t include any tax revenue obtained by cities who have established their own local tax.

Total sales-to-date since the start of recreational marijuana sales in October, 2016 now stands at $5.66 billion, resulting in around $960 million in tax revenue.

According to the OLCC, the average price per gram of cannabis is now $3.81, a 62% decrease from the $10.50 average in October, 2016.

The average cost per gram of marijuana extracts is also down substantially; the current cost is $16.55, down from a high of $45.

Oregon’s marijuana law was approved by voters in 2014, although the first marijuana store didn’t open until 2016. Under the law those 21 and older are allowed to possess up to two ounces of marijuana, or eight ounces at home, as well as one ounce of marijuana extracts, 16 ounces of marijuana-infused solids and 72 ounces of marijuana-infused liquids.

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