Washington’s Upward Cannabis Sales Trend May End This Month

Stores in Southwest Washington have been heavily dependent on Portland customers, who have been opting to buy their cannabis in Oregon rather than crossing the border.

By Sue Vorenberg
Cannabis Daily Record

WASHINGTON:  The steady month by month growth of Washington state’s recreational cannabis sales may come to an end in October.

The state has seen a steady uptick each month since sales began in July, 2014. But with five days to go in October and lagging sales in Southwest Washington after the launch of early start recreational sales in neighboring Oregon – that trend seems unlikely to continue.

In fiscal 2015, monthly sales grew from $47.6 million in July to $53.5 million in August to $59.5 million in September. As of October 26, the state Liquor and Cannabis Board had reported $50.1 million in monthly sales.

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Oregon’s first week of recreational sales in October, through the state’s early start program at existing medical dispensaries, netted $11 million.

Dispensaries in Southwest Washington, across the border from Portland, Oregon, reported dips in foot traffic of 15 to 20 percent since the October launch.

Sales in Washington are directly affected by Oregon legalization as two of the three largest recreational pot shops in Washington are located in Vancouver (Main Street Marijuana and New Vansterdam), right across the Columbia River from Portland.

Stores in Southwest Washington have been heavily dependent on Portland customers, who have been opting to buy their cannabis in Oregon rather than crossing the border.

Read full article @ Cannabis Daily Record

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