Oregon’s recreational marijuana market is saturated. The state has more retailers and production than most other states where pot is legal. Josh Lehner, an economist with the state of Oregon, says prices are low, which is good news for consumers, but not for retailers. Oregon taxes weed based on the sales price, so lower prices also means less revenue for the state. Over the next two years, tax revenue is expected to be down 36-million dollars which means less money for drug treatment programs.

Read more at

https://kbnd.com/kbnd-news/regional-news/677315

Sean Hocking

Source link

You May Also Like

Press Release: Appeals Court Orders DEA On MMJ Marijuana Lawsuit

9th Circuit Court of Appeals Orders DEA to Respond to MMJ’s Writ…

Who Do You Call to Sniff Out Bad Cannabis Actors? – Cannabis Business Executive – Cannabis and Marijuana industry news

Who Do You Call to Sniff Out Bad Cannabis…

Cook Islands looks into producing medicinal cannabis itself

Radio NZ reports The Cook Islands could start growing its own cannabis…

Late-night marijuana? Ann Arbor OKs new midnight curfew for pot shops – Medical Marijuana Program Connection

ANN ARBOR, MI — Marijuana dispensaries in Ann Arbor now can stay…