US (OR): State's cannabis sales hit $1 billion

Bolstered by the pandemic, Oregon cannabis has cracked $1 billion in sales this year, a first for the industry and a remarkable leap from 2019 levels.

Combined adult-use and medical sales broke through the $1 billion mark last Wednesday, according to data provided by the Oregon Liquor Control Commission.

Cannabis sales have been growing steadily since Oregon’s adult-use market began taking shape five years ago, and reached a record $795 million in 2019.

But riding a surge that began when the pandemic hit in March, the state blew past that figure in September this year. As of the end of November, sales were at preliminary total of $1.014 billion. That’s a 40% gain over the $726 million sold in 2019 through November.

Read more at bizjournals.com


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