Recreational pot sales tops $11 million within one week in Oregon

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If a public referendum on does pass 13 months from now legalizing recreational pot in California, the bills enacted this week could help smooth the state's transition to legalization, and being prepared to roll out retail sales in an orderly manner could pay very real dividends.

The owner of Main Street Marijuana in Vancouver says he's not anxious about competition from Oregon's new law, despite taking a 10 percent hit in sales last week. Those dispensaries can sell recreational products until December. 31, 2016, at which point all recreational sales will fall under the Oregon Liquor Control Commission's regulations and will take place at OLCC-licensed retail stores.

Store owners say they're hopeful they can avoid the shortages and price spikes that followed the start of legal sales a year ago in Washington and Colorado, the only other states where the drug can now be sold for recreational use.

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