outdoorpot

Oregon tops Washington and Colorado in legal marijuana sales

Oregon’s first week of legal marijuana sales were so strong that they beat Colorado and Washington state.

The state’s dispensaries have collected an estimated $11 million after just one week of recreational sales, KGW reports.

Oregon’s first-week sales absolutely crushes the numbers from fellow legal states, with Colorado generating $5 million in their first week, and Washington selling just a shade under $2 million, according to CannabisNow Magazine.

In fact, Oregon’s total overshadows both figures combined.

“It’s exciting,” a customer named Peter told KGW. “It’s just really weird, it feels like it’s not even really happening to be honest, it’s really bizarre.”

The sales totals are that much more impressive considering Oregon’s population of 3.97 million, which is much smaller than Colorado (5.36 million) or Washington (7.06 million). Moreover, Oregon’s pot grams are relatively cheaper at $5-15, compared to Colorado and Washington’s $20-30 per gram prices.

However, Oregon had the upper hand on both states with opening day dispensaries.

“When Washington went legal they had a limited amount of recreational stores selling a limited amount of product,” said Taylor Choyce, co-owner of The Green Shelf in Ellensburg, Washington, to CannabisNow. “In Oregon, there were already hundreds, if not thousands of medical dispensaries that are now able to sell to the general public. That’s why Oregon has done more initial sales than Washington did.”

Colorado opened sales with only 24 dispensaries to serve the entire state, while Washington offered only two shops. Oregon, meanwhile, had a whopping 280 medical marijuana dispensaries ready to sell on the first eligible day.

The state originally estimated a $9 million boost in tax revenue from legal sales throughout the first full year of 2017, but the Oregon Retail Cannabis Association now believes the number will be nearly three to four times as much.

All recreational sales in Oregon are currently tax-free until January, when a 25 percent tax will be added to help fund schools and various state programs.

Until then, Oregon’s legal pot business continues to bring in people both new and familiar to cannabis culture.

“Obviously we’re seeing a young crowd but we’re also seeing people in their 50s and 60s that would never have bought the product if it wasn’t legal,” said dispensary owner Jeff Johnson to KGW.

Photo credit: Wikipedia