Oregon Rakes In More Cash than Colorado or Washington During First Week of Legal Marijuana Sales| 0
With a population hovering somewhere around 3.97 million people for the entire state of Oregon, pot smokers stepped up their game during their first week of recreational marijuana sales in the Beaver State – purchasing $ 11 million worth of today’s modern hybrid strains in just the first 7 days. Smoking both Colorado and Washington’s combined marijuana sales for the same seven-day timeframe.
Despite Oregon’s relatively small population – particularly when compared to Colorado (5.36 million) and Washington State (7.06 million) – first day pot sales skyrocketed to just over $ 3.5 million. While any state sanctioned profit from legal marijuana sales should be wholeheartedly celebrated, Colorado only sold $ 5 million worth of Mile High Chronic during their first seven days. As for Washington State, it took them 30 days just to hit the $ 2 million mark.
No doubt, Oregon’s marijuana tax holiday sparked an elevated interest for many would-be pot shoppers. Until January 1, 2016, Oregonians purchasing their recreational pot will be doing so tax-free. After which point, a 25% tax will be added to each state sanctioned purchase; 40% of which will be going to support public schools, while 25% will go to public health services.
As politicians in California, Massachusetts, Nevada, New York, Vermont, Minnesota, Rhode Island, Connecticut, Maryland, and Maine, eyeball Oregon’s recent financial windfall, the new reality of state sanctioned marijuana sales demonstrates the number of hard-working Americans that want to relax by getting high … and the pile of cash being left on the table by the states that don’t.
(Infographic Courtesy of Weedhorn.com)