Over $11 Million in Cannabis Sold During First 5 Days of Legal Sales in Oregon

Over $11 Million in Cannabis Sold During First 5 Days of Legal Sales in Oregon

cannabismoney1There was over $11 million in cannabis sold during Oregon’s first 5 days of legal sales, far surpassing the initial sales for Washington and Colorado, the other two states where cannabis distribution is legal.

According to the Oregon Retailers of Cannabis Association, there was $3.5 million in cannabis sold on October 1st, the first day of legal sales. By contrast, sales in Washington reached just $2 million in the first month, and sales reached $5 million for the first week in Colorado. The comparison isn’t quite fair, however, as Colorado began with just two dozen outlets open, and Washington had just a handful; Oregon began with over 250 dispensaries authorized to sale the plant.

In Oregon, the possession of up to an ounce of cannabis – or eight ounces at a private residence – is legal for those 21 and older. State-licensed cannabis retail outlets are expected to open sometime next year, but until then medical cannabis dispensaries are authorized to distribute up to a quarter ounce to non-patients until the before-mentioned retail outlets open.

TheJointBlog

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