Recreational marijuana sales in Oregon will be nearly $543 million this year, up 29 percent from 2017 and well above economists' expectations, forecasts show.

Rampant overproduction in Oregon’s market for legal, recreational marijuana has produced a 50 percent drop in prices, according to state economists.

That widely documented collapse has been tough on farmers and retailers — but a boon for consumers.

A new state analysis finds the price collapse sparked a big uptick in marijuana purchases and a corresponding increase in associated tax revenue, The Oregonian/OregonLive reported. 

Click here to read the complete article

Associated Press via SeattleTimes.com

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