In Oregon, there was around $84 million worth of marijuana and marijuana products sold legally in August, bringing all-time sales to nearly $7 billion.
(Photo credit: Ed Andrieski/AP Photo)
According to the Oregon Liquor and Cannabis Commission, licensed marijuana stores sold exactly $83,991,372 worth of product in August. This is the highest monthly total since the $84.8 million sold in May 2022. Monthly sales have remained above $75 million for 19 straight months.
All-time marijuana sales are now $6.87 billion, with the year-to-date total standing at around $645 million. The monthly high remains $110 million sold in April 2021.
The average price of dried marijuana flower saw a slight decrease from $3.78 to $3.75. However, the price of concentrates rose slightly, from $16.33 per gram to $16.48.
Oregon became the third state to legalize recreational marijuana in 2014, following Colorado and Washington’s lead in 2012. The law allows individuals aged 21 and older to possess up to two ounces of marijuana in public and up to eight ounces at home. It also permits 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 adults aged 21 and over.
Oregon imposes a 17% marijuana tax, with some localities adding up to an additional 3%. The tax revenue is allocated to various state funds: 40% goes to the State School Fund, 20% to mental health and treatment services, 15% to the State Police, 20% to local law enforcement, and 5% to the Oregon Health Authority for drug treatment and prevention programs.
This November voters will decide thefate of Measure 110, the United for Cannabis Workers Act, put forth by United Food and Commercial Workers (UFCW) Local 555. The measure “would ensure that cannabis workers’ freedoms to organize and bargain collectively are protected under state law”, according to a press release from UFCW. No one would be required to join a union, but workers would have the freedom to do so if they choose.
