The report, compiled by the Oregon Department of Revenue, shows the monetary impact of Oregon’s marijuana tax. The state legalized recreational marijuana in 2014, and began temporarily taxing sales from marijuana dispensaries in January 2016, at a rate of 25%. That program ended this past January.
Licensed retailers were allowed to start selling marijuana in October of that year, with a state tax rate of 17%, which is still in effect.
Residents living in the metropolitan area of Portland bought more than 3 million grams during the first three months of 2016.
The state raised $54,506,832 in marijuana tax revenue from February to November of 2016, according to the report.
- Why Cell Phone Reception Is Getting Worse
- The Dirty Secrets of Alternative Plastics
- Israeli Family Celebrates Release of Hostage Grandmother
- We Should Get Paid for Our Online Data: Column
- The COP28 Outcomes Business Leaders Are Watching For
- The 100 Must-Read Books of 2023
- The Top 100 Photos of 2023
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time