Oregon’s cannabis market offers examples of industry pain points, as well as the ability to innovate and mature. Investors and entrepreneurs may want to be wary of the hyper-competitive market. However, if recent trends hold, Oregon may be turning towards prosperous times. High times April 2021 data from the Oregon Liquor Control Commission (OLCC) revealed that the state sold over $105 million in cannabis products in May 2021. In March and April, the state sold approximately $109 million and $110 million, respectively. The figures mark significant gains for Oregon, which saw sales surpass $70 million per month at the start of the pandemic. The state is known for its mostly smaller vendors and uncapped market. 2021 data from the Portland Business Journal lists cannabis brands Nectar Markets LLC, Golden Leaf Hldgs Ltd (OTC: GLDFF) and Halo Collective Inc (OTC: HCANF) as leaders in statewide employment operating locations.
420 Intel – Marijuana Industry News, 06/14/2021 20:00:00
Open article: https://420intel.com/articles/2021/06/15/oregons-cannabis-market-trending-upward