oregon tax revenue from pot
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According to Oregon’s Department of Revenue, the state has collected more than $25 million in taxes on marijuana in 2016 so far. As KGW reports, the total revenue from January 1 to July 31 this.
Salem, OR: Tax revenue in Oregon from the sales of retail cannabis. The average wholesale price per gram for marijuana in Oregon has fallen from approximately $4 per gram in the beginning of 2017.
Oregon cannabis taxes. The Oregon Department of Revenue ("DOR") imposes a point-of-sale tax called the Recreational Marijuana Tax on all oregon recreational cannabis retailers. The DOR collects 17% of the value of all cannabis sold at each retailer location.
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The budding marijuana industry has brought in tens of millions in tax dollars for Washington and Oregon, but one state seems to be making more cash from their cannabis sales. washington voters.
An overview of Oregon’s recreational marijuana taxes The state tax rate is 17 percent. Municipalities can enact an additional tax of up to 3 percent with the approval of voters. Only retailers licensed by the Oregon Liquor Control Commission (OLCC) can sell recreational marijuana. Our rules require monthly payments.
All of this brings us to this edition of the Graph of the Week, which shows monthly recreational marijuana sales for Colorado, Washington, Oregon and Nevada. These sales figures are estimates based on reported tax collections, and do not include medical marijuana sales.
That's the message the Oregon Department of Revenue sent Friday when it announced it will pay out $85 million in marijuana taxes for schools, public health ,
In the first full fiscal year under legalization, running from July 2016 through June 2017, Oregon collected $70.2 million in state cannabis taxes. Collections rose to $82.2 million in the fiscal.
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Cannabis in Oregon is legal for both medical and recreational use. In recent decades, the U.S.. The Oregon Cannabis Tax Act qualified for the November 2012 state ballot, with the petition having 88,887 valid signatures. If approved. According to the Oregon Department of Revenue, state and local recreational marijuana.
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Oregon is marking its first year of legal marijuana and with it some milestones: We are buying a lot of pot and the sales are generating millions in tax revenue — but not in the eastern half of.
ONTARIO, Oregon – It has been a wild year in eastern Oregon after voters approved recreational marijuana dispensaries within.