Oregon’s recreational marijuana industry is open for business, and that may already taking a toll on pot businesses in Washington state.
Medical dispensaries in Oregon started were allowed to start selling recreational marijuana Thursday after the state made recreational pot legal in July. In Portland, sales at some of those shops were “crazy.”
But across the border in the Vancouver, Washington area, some of the most successful pot shops in Washington state thrive because of Portlanders and others travel over state lines for their weed, the Oregonian reported earlier this year. So are those businesses now in danger?
Washington marijuana dispensaries sold $257 million worth of pot in their first year of operation. That accounted for $70 million tax revenue for the state. The state’s projected marijuana tax revenue at least partially helped close the gap in education funding in the most recent state budget.
A dramatic reduction in sales could affect future state budgets. For now, though, most experts are wary, though not deeply concerned. [Read more at the Puget Sound Business Journal]