Oregon: $76 Million in Legal Marijuana Sold in November, Price for Concentrates Reaches All-Time Low

Marijuana Sales passed $75 million for the ninth straight month in Oregon.

There was $76.8 million worth of marijuana sold legally in Oregon in the month of November, according to data released by the Oregon Liquor and Cannabis Commission,. This is a modest decrease from the $78.6 million in marijuana sold in October.

Total marijuana sales since the first recreational marijuana store opened in October, 2016 is now $6.143 billion.

The average price per gram of dried marijuana was nearly the same in November ($3.82) as it was in October ($3.81). Although the average price for marijuana concentrates dropped by just $0.03 between October to November, the $15.97 average is a new all-time low.

The average cost per gram of marijuana when the first retail outlet opened by $10.50, and the average cost per gram of marijuana concentrates was $45.

Based on Oregon’s 17% marijuana excise tax, the state garnered over $12 million in taxes for the marijuana sold in October and over $1.1 billion since 2016. This does not include taxes garnered from the up to 3% citywide tax implemented by some localities.

Oregon’s marijuana law was approved by voters in 2014. 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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