Technical420 reported that Oregon state has generated more than $11 million from recreational marijuana in its first week, surpassing the $5 million made in Colorado during the first week and the $2 million in Washington in the first month.
As quoted in the market news:
This success has left analysts scrambling to come up with answers that explain why Oregon was so successful. In contrast to Colorado and Washington, medical marijuana dispensaries in Oregon are allowed to sell recreational marijuana.
Currently, there are more than 250 medical marijuana dispensaries in Oregon selling recreational marijuana. This a huge difference when compared to Colorado and Washington who had 24 and 4 stores open respectively, at the start of the recreational marijuana industry. Today, Washington still has fewer recreational marijuana dispensaries than Oregon and the program has been open for more than one year.
Another reason for the success is due to the current regulatory environment in Oregon. Cannabis cultivators in Oregon do not face strict regulations yet and the supply can enter retail stores in a manner that is much easier than it was in Colorado and Washington.