In June, Oregon’s licensed marijuana stores reported sales totaling $79,854,131.
Although this figure is slightly below the $81,976,813 recorded in May, it continues to demonstrate the strong performance of Oregon’s marijuana market, according to the Oregon Liquor and Cannabis Commission. Monthly sales have no dropped below $75 million since February 2023.
Since the commencement of legal marijuana sales in October 2016, the cumulative sales have reached $6.703 billion, generating $1.2 billion in tax revenue. So far in 2024, sales have amounted to about $480 million, bringing in nearly $84 million in taxes.
Of the total $6.7 billion in sales since 2016, more than half (53%) has been “usable marijuana” or dried marijuana flower. Marijuana concentrates make up 25% of the sales, with edibles contributing 11%, and the remaining 11% comprising various products like tinctures and capsules.
Oregon, which legalized recreational marijuana in 2014, was the third state to do so after Colorado and Washington in 2012. The law allows individuals aged 21 and over to possess up to two ounces of marijuana in public and eight ounces at home. Additionally, it permits possession of one ounce of marijuana extracts, 16 ounces of marijuana-infused solids, and 72 ounces of marijuana-infused liquids. Licensed retailers are authorized to sell marijuana products to anyone aged 21 and older.
The average price of marijuana saw a slight uptick in June, rising from $3.75 to $3.84 per gram for dried flower and from $16 to $16.24 per gram for concentrates.
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