oregon marijuana revenue

As more states begin to consider whether to legalize marijuana for recreational use, supporters say the tax revenue can be used to plug budget. a senior economist in Oregon’s Office of Economic.

These sales figures are estimates based on reported tax collections, and do not include medical marijuana sales. In total across the four states, they are seeing around $250 million in recreational marijuana sales per month. Additionally, all states continue to see growth in this newly legalized world.

2017-05-09  · Oregon is sitting on millions of dollars generated from legal pot sales, with its booming marijuana industry having grossed nearly $75 million since the start of 2016. However, none of the entities that were supposed to receive funding under the marijuana law have seen a.

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Oregon Dept. of Revenue FAQs Q: How much are the taxes on recreational marijuana? A: The legislature set the base tax rate at 17 percent, however, they made provisions under certain circumstances for cities and counties to add up to an additional 3 percent tax.

The sale of recreational marijuana has been legal in California for just shy. that to Oregon-a state with a 20 percent cap on marijuana taxes.

2016-02-07  · Like other recreational marijuana states, Oregon boasts a marijuana tax designed to raise revenue. About 40% will go to schools, 35% to police and law enforcement causes, and the remainder to mental health and drug programs. Following a three-month tax holiday, a 25% tax went into effect on recreational sales Jan. 1, 2016.

Oregon. Another heavy hitter in the legal marijuana world. Oregon has made over $65 million in marijuana tax revenue since January 2016. Much like Colorado, Oregon decided to allocate much of the marijuana tax revenue to public schools. They also adopted the 40% model for money that goes to fund public schools.

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Story continues Pew also found that revenue could be affected by having a neighboring state where recreational marijuana also is legal, such as Oregon and Washington. “Oregon and Washington likely.

2016-08-23  · Oregon medical marijuana dispensaries have sold an estimated $102 million in recreational cannabis since January, when the state imposed a 25 percent sales tax on pot. The state has collected about $25.5 million in marijuana taxes in the first six months of the year and is on track to meet state

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