Oregon Dispensary Sales Rise 22% to $793 Million in 2019
A bellwether state for marijuana legalization is showing some encouraging effects of a liberalized regime. According to a report in that state's Bend Bulletin newspaper, citing data sourced from regulator the Oregon Liquor Control Commission, total revenue from in-state dispensaries increased by $145 million on a year-over-year basis to land at $793 million in 2019. In percentage terms, that rise was 22%.
According to the article, that take should have generated over $110 million in tax proceeds for the state.
Of that $793 million, nearly $204 million -- or almost 26% -- derived from Multnomah County. This is home to the capital and most populous city in the state, Portland.
Source Fool.com