Licensed marijuana stores in Oregon sold $70.8 million in marijuana and marijuana products in February.
Total legal marijuana sales reached $70,802,522 in February, according to the Oregon Liquor and Cannabis Commission. This is the lowest monthly total since February 2020, when sales were $69 million, marking a 6.8% decrease from the $76 million recorded in February 2024 and last month. The decline is attributed to record-low prices, with a gram of dried marijuana averaging $3.43.
In February, Multnomah, by far, was the county with the most sales, at $15.7 million, following by Washington at $7.6 million and Malheur at $7.5 million. All three experienced a 5% – 10% decrease in sales from the previous month.
All-time marijuana sales in Oregon are now $7.33 billion.
Oregon legalized recreational marijuana in 2014, allowing those 21 and older to possess and use up to two ounces of marijuana (eight ounces at a private residence), as well as allowing them to posses concentrates and a variety of marijuana products such as edibles and topicals. Licensed marijuana stores opened the following year.
The state imposes a 17% tax on recreational marijuana sales, with local governments authorized to add up to an additional 3%. Revenue from these taxes is allocated as follows: 40% 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.
More articles from The Marijuana Herald can be found below.
