Oregon Cannabis Sales Hit $790 Million 2019 Generating $110 Million Tax Revenue

Oregon Cannabis Sales Hit 0 Million 2019 Generating 0 Million Tax Revenue

The Bend Bulletin reports Oregon cannabis stores sold $793 million in products to consumers last year, generating more than $110 million in tax revenue for state and county coffers, according to an analysis of Oregon Liquor Control Commission data. That’s close to $150 million more in sales than 2018. By next year, totals are expected to climb to nearly $1 billion. “We think sales will continue to grow,” said Beau Whitney, vice president and senior economist for New Frontier Data, a global analytics firm. “Demand is coming from converting consumers from the illicit market and people moving away from the…

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Source : CANNANNEW REPORT
Link to original : Oregon Cannabis Sales Hit 0 Million 2019 Generating 0 Million Tax Revenue
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