Tag: cannabis sales

$100 Million! Oregon Breaks Monthly Cannabis Sales Record Again

Economic analysts wondered what the coronavirus pandemic would do to Oregon cannabis sales after shoppers set a monthly record by stocking up just before non-essential businesses were ordered closed. Not sure if adult use cannabis commerce would be deemed essential, it made sense that folks would stock up. Fortunately for the industry and our local economy, Governor Kate Brown made the wise decision of declaring cannabis essential and stores remained open. Well, sales have continued to climb, making cannabis one of the few economic bright spots, and sales cracked $100 million for the first time in May, as the Willamette Week reported:

According to data from the Oregon Liquor Control Commission, total sales for the month were $103 million—a 15 percent jump from April, and a 60 percent increase from this time last year.

It’s the third consecutive record-breaking month for weed sales in the state. In March, sales hit $83 million—the highest single-month total to that point. A week-to-week analysis, however, showed a gradual rise as coronavirus spread across Oregon, the most significant spike coming just before the governor declared cannabis dispensaries an essential business, allowing them to stay open. Sales then regressed, suggesting the increase was related to uncertainty over the statewide economic shutdown.

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But sales have continued to climb upward. In April, sales hit $89 million. According to the OLCC, cannabis tax revenues for 2020, even before May, were expected to be $9 million more than earlier projections by the Oregon Office of Economic Analysis.

There could be many reasons why cannabis sales have continued to climb. It’s possible that people are turning to cannabis as they deal with depression, anxiety, or just plain boredom. Maybe people just about finished binging everyone on Netflix, Hulu, and Amazon and needed to laugh a little bit more. Let’s face it, Tiger King is much better after utilizing some Trainwreck or Durban Poison.

Whatever the reason, it’s clear that cannabis use has moved more and more mainstream and there will likely be a huge dropoff in usage anytime soon. Whether you are an old school member or a newbie just joining the cannabis community, please shop at local small businesses like Kind Leaf. Do your research and support those that keep their money locally and don’t ship it off to shareholders in another state, or a different culture. You can feel good while feeling good with your cannabis shopping choices. Please use responsibly and always #BeKind.

Oregon Breaks Monthly Cannabis Sales Records Two Months in a Row

The coronavirus pandemic has caused havoc across the globe, overwhelming healthcare systems and social service programs while decimating economies. Our society hasn’t experienced a similar disruption since World War II and we haven’t seen a reduction in economic activity like this since the Great Depression. Here in Oregon, the unemployment rate has surged to over 14% and Governor Kate Brown has ordered all agencies to prepare for budget cuts of 17% across the board. One bright spot for the economy: cannabis.

Oregon’s cannabis industry had its best first quarter of sales through the first three months of 2020, but it was unknown if robust commerce would continue during the COVID-19 pandemic or whether the first three months were buoyed by folks just stocking up. Well, the evidence is in and the first two months of quarantine living in the Beaver State led to new sales records.

The Willamette Week reported on the record breaking sales in March:

Sales data from the Oregon Liquor Control Commission show Oregonians bought $84.5 million worth of cannabis products in March—the most in a single month since the state legalized recreational use in 2015. The previous record, set in July 2019, was just shy of $80 million.

The March number is a 37 percent increase from this time last year. Sales per retailer averaged out to $135,000, a 30 percent jump.

Flower accounted for more than half of total sales, while concentrates and extracts made up the second-highest market share.

KGW covered April’s sales that surpassed the recording breaking numbers from just a month earlier:

There is one bright spot in the economy: marijuana sales.

In April, Oregon saw $89 million in legal marijuana sales. The Oregon Liquor Control Commission reports marijuana sales were up 45% in April, compared to last year, making April 2020 the largest month on record for the state.

Proponents believe the coronavirus pandemic could be the catalyst for other states and the federal government to legalize marijuana because it would bring tax revenue, create jobs and give the economy a much-needed shot in the arm.

There is a lot of work left to be done, but it is rather remarkable how far the Oregon cannabis industry has come since voters passed the Measure 91 legalization law with over 56% of the vote. Hamstrung by a rare-for-Oregon sales tax, a lack of banking services, unfair federal taxation, and the coronavirus pandemic, enterprising entrepreneurs and hard-working budtenders, farmers, processors, and other industry employees, have created a business sector that the cannabis community can be proud of.

With 69% of Oregon voters understanding that legalization has been a success, the future is bright for the Beaver State’s cannabis industry. By supporting craft cannabis boutique’s like Kind Leaf, you are providing a boos to our local economy and helping build one of the few flourishing business sectors in the state.

 

Small Oregon Counties Are Generating Big Cannabis Sales Numbers

When people across the nation think about Oregon and cannabis, there’s a good chance that they think of cannabis-friendly Portland, or maybe farms with plants the size of trees in Southern Oregon. However, when you look at the sales numbers across the state, you can see that cannabis is popular all across the Beaver State, and per capita, the smaller counties are bringing in big numbers themselves. Of course, Multnomah, which houses

Portland and is by far the most populous country in the state, has big sales and still impressively ranked seventh per capita in sales per person last year. But it’s smaller counties that are demonstrating the biggest sales per resident as well as growth from the previous year.

As the Portland Business Journal reports, Baker County, boosted by sales from people crossing over the Idaho-Oregon border, reigned supreme per capita, but another county looks poised to take the top spot in 2020:

Baker County was Oregon’s pot-purchasing leader in 2019 on a per capita basis as sales in the state continued to climb, but a neighboring county appears set to take the top spot in 2020.

Sales in Baker County totaled more than $30.1 million in 2019. With a population of 16,820, that worked out to $1,794 per resident, according to a Business Journal analysis based on data from the Oregon Liquor Control Commission.

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But that all changed last year when recreational pot came to Ontario, in Malheur County, right on the state line.

The first Ontario shop opened in July, and by the end of the year there were three. Sales totaled more than $20.2 million in 2019, including $14.1 million in the last three months of the year.

All but 5 of Oregon’s counties (c’mon Crook, Gilliam, Morrow, Sherman and Wheeler!) are wisely taking advantage of cannabis sales to generate jobs and create revenue for their local communities. Umatilla County, housing Pendleton’s Kind Leaf, saw over $11 million in sales. With 81,160 residents, that comes out to $144 per resident, ranking 19th among Oregon’s 36th counties. When it comes to growth over 2018, Umatilla tied Marion with a 24.1% increase over the previous year.

Cannabis legalization is clearly hear to stay and Oregonian adults should take advantage of the tested cannabis flower and products available across our great state. Even better, seek out small businesses like Kind Leaf to really boost the local economy with companies that care about their communities.