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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOregon Marijuana tax collections expected to be higher, much higher (no pun intended)
Report anticipates state to get $43 million in current biennium
Bulletin staff report / May 26, 2016
Sales of recreational marijuana in Oregon yielded $10.5 million in tax revenue in the first three months of the year, according to the Oregon Department of Revenue. ... report anticipates the state will collect about $3.7 million in taxes per month on average from recreational marijuana sales, or about $43 million total after expenses in the current two-year budget cycle.
Thats much higher than the $8.4 million previously forecast for the biennium. .....
This year, the Revenue Department collects a 25 percent tax on each recreational marijuana sale. The tax rate drops to 17 percent in 2017. Based on sales trends so far, however, the department expects to raise at least $60 million in recreational marijuana taxes in the 2017-19 biennium.
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frankieallen
(583 posts)frankieallen
(583 posts)L. Coyote
(51,129 posts)Now medical growers can sell to dispensaries, and besides lower prices the weed is also tested to make sure you don't get exposed to hazards.
Even with a big slice going to taxes, prices are down. There is open competition now for your business, lots of places to shop.
Viva_La_Revolution
(28,791 posts)Tax revenue is the cherry on top of excellent quality herb
JonathanRackham
(1,604 posts)I can brew my own beer and make my own wine legally for personal consumption.
your municipality allows it, just saying.
JonathanRackham
(1,604 posts)If marjuna is legal in my state, can't I grow my own? Strictly personal use.
I know people who grow their own tobacco for personal use without any legal problems.
L. Coyote
(51,129 posts)You have to give away about 7/8ths of those 4 plants if you know how to grow a big tree-like mama. It's a logistical nightmare they tell me! One reason the price has fallen, all the free weed because you can grow it but you cannot sell it without a medical grower's license. You need to be a patient or supply one to get that.
L. Coyote
(51,129 posts)But, citizens can grow their own in private, give it away, and smoke it in private.