For the first time in Oregon’s history, marijuana is included in the state’s economic forecast presented to Gov. Kate Brown each fiscal quarter.
Presented by the Office of Economic Analysis’ Department of Administrative Services (DAS), the purpose of this statewide economic forecast is to “provide information to planners and policy makers in state agencies and private organizations for use in their decision making processes.”
As hopeful entrepreneurs pour millions of dollars into the Oregon cannabis industry, this economic outlook can advise business owners on trends in their nascent enterprise.
So far, Oregon’s first year of recreational marijuana sales has exceeded Washington’s first year, while only slowly trailing behind Colorado’s first year (after adjusting for population size).
Since Oregon has only been selling recreational marijuana for one year, and the Oregon Liquor Control Commission (OLCC) purposely staggered licenses to not overwhelm their small workforce, the numbers for this year should not be completely relied upon as a forecast for the future. The document states that the sales and tax collections of recreational marijuana remain…