Analysis: Oregon’s Legal Cannabis Market Has Generated $1 Billion in State Tax Revenue

June 5, 2025

Oregon’s total adult-use cannabis revenue crossed $1 billion in 2024. The state saw a slight increase in cannabis tax revenue from $148 million in 2023 to $153 million in 2024.

Below is the year by year amount of tax revenue generated by adult-use cannabis sales.

2017 $68,646,246
2018 $94,226,985
2019 $115,915,277
2020 $158,336,274
2021 $177,773,944
2022 $150,316,424
2023 $148,133,667
2024 $153,795,374

The above annual tax revenues do not include the 3% sales tax some localities impose. From February 2017 through 2024, local taxes have generated $166 million.

Hopefully the state and localities have put it to good use.

Thanks to the Marijuana Policy Project for putting together a report showing that legal adult-use cannabis sales has generated almost 25 Billion across the US.  (That is Billion with a “B”) See https://www.mpp.org/issues/legalization/cannabis-tax-revenue-states-regulate-cannabis-adult-use/