|HAS OREGON REACHED PEAK POT AS SALES DECLINE?|
Story by ADMN - Story Source
|Published on Wednesday March 10, 2021 - 9:13 PM|
The economic forecast predicts the 17 percent cannabis tax will add $301.6 million to state coffers for the biennium that ends June 30, but that's a drop from the $306.9 million estimated three months ago, according to the Portland Business Journal. It's still $63 million more than what forecasters predicted when the biennium began in July 2019.
Sales in 2020 peaked between April and June—up 52 percent from 2019—but they dropped a bit in the last two quarters, only up about 38 percent from the previous year.