First week of pot sales tops $11 million

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  • #14661
    Vitalogy
    Participant

    After just one week of recreational marijuana sales, Oregon dispensaries have raked in an estimated $11 million.

    That figure could mean the state’s estimate is shockingly low for how much money it’ll make when pot taxes kick in this January.

    One week in, Oregon is already far ahead of dollars spent on pot compared to Colorado’s first week of legal recreational sales, at $5 million. Washington took a month to sell its first $2 million, according to Marijuana Business Daily.

    http://www.kgw.com/story/news/2015/10/07/oregons-first-week-recreational-pot-sales-tops-11-million/73558096/

    Granted, the sales will slow down from the peak of the first week, but it this market kept pace for one year, that’s $572 million in sales!

    #14662
    Chris_Taylor
    Participant

    This will be interesting to watch when taxes kick in first of the year.

    #14671
    edselehr
    Participant

    Just another part of the economy, along with tobacco and casino gambling, that will have to survive without any of my dollars.

    #14672
    paulwalker
    Participant

    Well, this start for Oregon pot is impressive. It shows one or both of these scenerios.

    #1. The lack of tax at the beginning was brilliant.

    #2. Oregon simply has more potheads than Washington.

    #14676
    Broadway
    Participant

    >>This just means there’ll be more of them
    Not good for civilization…more death and injury on our roadways now…not for it.

    #14688
    duxrule
    Participant

    “Not good for civilization…more death and injury on our roadways now…not for it.”

    You do know that the early statistics show this NOT to be the case, don’t you?

    #14690
    edselehr
    Participant

    Broadway,

    If it wasn’t pot, for many of these people it would be some other intoxicant (such as alcohol). I don’t believe that there will be a net increase in impaired drivers.

    And I believe (hope?) that our societal attitudes about responsible consumption of intoxicants has spilled over into the pot community.

    #14692
    missing_kskd
    Participant

    People like to cop a buzz. This is human. And it’s slowly becoming accepted.

    Frankly, acceptance is the better path longer term. We can’t help people when we can’t talk to people. When this stuff is criminalized, that dialog has real consequences. And those have been worse than the trouble that can come from copping a buzz is!

    Crazy!

    I’m hoping we discontinue the conflation of substance danger from the more benign desire to get a buzz and or relax. People use booze in this way, and it’s fine. This, despite the fact that booze isn’t very good for us outside of moderate use.

    Things like meth are all bad. Seriously. Pot isn’t in that class, and the dialog should be about responsible use.

    For those of us, who are prudes and who will say there is no responsible use, just don’t use. It’s that simple. Same discussion as we have for booze. Others can and will vary in how they live their lives.

    What is happening in Oregon is a whole lot of people are coming out of the closet. That and the curio of, “hey, let’s buy pot because we can!” is driving these numbers. It will settle down and we all will be fine, and some new stuff gets funded, as does some treatment for those who end up irresponsible, no different from booze.

    It’s a net good. Seriously.

    #14693
    edselehr
    Participant

    Agree, Missing. Though I am adamantly against pot use, I voted to legalize it. We need to “bring it out of the closet” so we can move beyond the “rebel”, “forbidden fruit” perception it has for many and start to look at it for what it is. And now, it can be legally studied for its true effects on the human brain and body.

    And I hope it eventually becomes just as stigmatized as alcohol, by which I mean that it may be used occasionally and recreationally by responsible adults, but that anyone adopting a “pot lifestyle” is seen as having a substance abuse problem – just like people who might have an “alcohol lifestyle”.

    #14695
    missing_kskd
    Participant

    I see that as a likely outcome.

    Medical use holds a lot of potential. I know more about this stuff than I ever thought I would, and lives have been changed for the better too.

    For me personally, regular use is too much. Same for booze. I do enjoy the occasional event though.

    #14698
    Broadway
    Participant

    Yeah 100% all the time sobriety…
    11th commandment…be aware of your surroundings while being awake…it will save your life…imho…

    #14699
    Alfredo_T
    Participant

    Oregon was the first state, in 1973, in which efforts to decriminalize the possession of small amounts of marijuana were successful. I think that the recent legal developments that we have had in that area are just part of the general trend.

    There is a place called “Shango Premium Cannabis” about a mile from my house, and I am slightly amused that it exists. Somebody will sell the cannabis, and I would much rather have it be a retail location like that than shady, possibly violent criminal types.

    #14709
    Chris_Taylor
    Participant

    I, too, will not be buying any pot. Never tried it, never will. But I did support the legalization of pot in Oregon.

    I hope we do see a good financial outcome from the eventual taxes, especially for our schools. Since a sales tax is unlikely for the time being, then hopefully, some of the taxes of pot sales can help fill those budgetary gaps.

    And like Ed, the education of pot needs to be out there. I’ve been supportive of the medicinal usage for years and know friends that have depended on it for chronic conditions just to get through each day.

    #14721
    Alfredo_T
    Participant

    A few months ago, my employer sent out a warning to all employees that despite the upcoming changes to Oregon laws regarding marijuana possession and use, corporate policies regarding drug use would remain in place and be enforced. Needless to say, I do not plan on shopping at Shango or any similar establishments.

    I mention this because I don’t believe that we are going to see anything even close to the marijuana free-for-all that some people fear, as a result of decriminalization. People generally like to stay employed, and I think that workplace-imposed anti-marijuana policies will discourage many people from using marijuana.

    #14722
    skeptical
    Participant

    Looks like legalized pot is going to do heck of a lot more for our society financially than those God damned tax-free churches.

    For the clown that think there’s gonna be people driving while high, they’re already out there. This time we have the cash to mount more patrols — something we could have done a long time ago if we taxed those God damned Churches . . . but no . . . THAT money went Creflo Dollars’s new jet and the most you all did was that was utter a few words in an internet forum about not being Christ like. Blah!

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