MJ Biz reported that Marijuana sales in Oregon exceeded $1 billion last year, with the vast majority of transactions coming from state-owned recreation cannabis retailers, coinciding with the coronavirus pandemic and mirroring record sales in other legal markets. Cannabis sales in the state rose from $795 million in 2019 to $1.1 billion in 2020, based on data from the Oregon Liquor Control Commission, reported by The Oregonian. This has been a record year for the state’s cannabis companies. Oregon marijuana sales began in March with a 20% increase as coronavirus-spurred lockdowns began and steadily increased in the months to come. For the first time in May, cannabis sales exceeded $100 million. Also, the trend continued with more than $100 million in sales for the next three months. In July, $106 million in sales were made. “Legal cannabis sales levels have stayed fairly constant after a significant rise early in the pandemic, but we don’t know to what degree this will last,” OLCC spokesman Mark Pettinger wrote in an email to Marijuana Business Daily.

Sean Hocking, Cannabis Law Report, 01/09/2021 20:05:00

Open article: https://cannabislaw.report/oregon-marijuana-sales-reach-record-1-billion-plus-in-2020/