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Oregon Marijuana Dispensaries Earn $11 Million In First Week of Legalizes Sale

FINALLY DI HERB COME AROUND!

Via KGW

After just one week of recreational marijuana sales, Oregon dispensaries have raked in an estimated $11 million.

That figure could mean the state’s estimate is shockingly low for how much money it’ll make when pot taxes kick in this January.

At Nectar on Northeast Sandy Boulevard and 33rd Avenue, they’re restocking the shelves a lot this week.

“We’re seeing about 500 people a day,” said Nectar owner Jeff Johnson. Dispensary owners and customers are reporting Oregon’s first week has gone very well.

Green is good.

The Oregon Retail Cannabis Association told KGW after tallying up sales from its members statewide and factoring in projections, they estimated there were $3.5 million in sales on the first day, October 1.

One week in, Oregon is already far ahead of dollars spent on pot compared to Colorado’s first week of legal recreational sales, at $5 million. Washington took a month to sell its first $2 million, according to Marijuana Business Daily.

When Oregon voters approved recreational marijuana, the state set an estimate of $9 million in net tax revenue for the first full year of 2017. But the Oregon Retail Cannabis Association believes it’ll bring in three to four times that much.

Soooo, who’s next to sign up for that legal loud?

Image via Shutterstock

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