Oregon Records Highest-Ever Monthly Marijuana Sales

Marijuana users in Oregon bought $84.5 million worth of licensed product in March, according to data compiled by the state's Liquor Control Commission and cited in various media. That tally was 6.4% higher than in the previous month, and 30% above the March 2019 result. March 2020 also set a new all-time monthly sales record for the drug in Oregon.

It nearly goes without saying, however, that this was due to heavy buying in the face of the SARS-CoV-2 coronavirus outbreak. A 65% year-over-year sales increase for the week of March 15 to March 21 strongly suggests that marijuana users were stocking up in advance of an expected "stay at home" order mandated by the state; that order was issued on March 23.

Image source: Getty Images.

Source Fool.com