24 Jan 2017

OR rec cannabis sales keep falling amid supply, regulatory issues

Oregon’s embattled recreational marijuana industry posted its second straight monthly sales drop in December, hit by a supply shortage and problems related to product testing. Despite strong consumer demand, data from the Oregon Department of Revenue showed tax collections totaled $5.6 million last month, down 13% from November and a 28% dip from a high of $7.8 million in October, according to the Statesmen Journal. For all of 2016, however, tax collections totaled $60 million – well above the $43 million that state officials anticipated, the Statesmen Journal reported. A number of factors have contributed to the supply squeeze in recent months. ... OR rec cannabis sales keep falling amid supply, regulatory issues is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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