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Oregon Marijuana tax collections expected to be higher, much higher (no pun intended)
Pot-tax collections expected to be higher
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.
That’s 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.
..............
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.
That’s 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.
..............
9 replies
= new reply since forum marked as read
= new reply since forum marked as read
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.
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.
