Oregon marijuana sales soared to new heights in 2020, topping $1 billion overall
Marijuana Industry NewsOregonRecreational Marijuana January 7, 2021 MJ Shareholders 0
Oregon recreational-cannabis sales surged in 2020, peaking during a difficult summer of protests and lockdowns.
The result was a record year of business for the state’s marijuana purveyors, based on data from the Oregon Liquor Control Commission, which oversees marijuana sales. Total marijuana sales in Oregon jumped from $795 million in 2019 to more than $1 billion — $1,110,520,723 — for the year that just ended.
Oregonians suddenly began buying a lot more recreational cannabis last March, the month that Gov. Kate Brown instituted a stay-at-home order and other restrictions in an attempt to slow the spread of the coronavirus pandemic in the state. Sales numbers for marijuana spiked about 20% in March. They kept climbing in the months that followed.
In May, Oregon marijuana sales topped $100 million in a single month for the first time ever. Sales then surpassed $100 million in each of the three months that followed as well, with a high of more than $106 million in July.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.