oregon tax revenue from pot

 · Local leaders propose marijuana grower tax Local News Politics Top Stories January 18, 2018 Newsroom Staff Grants Pass , Josephine County , marijuana , oregon , southwest oregon , tax Josephine County, Ore. – Taxing pot to pay for protection – that’s the new proposal coming from Josephine County.

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 · Oregon has collected more than $25 million in taxes on marijuana in 2016, according to the state Department of Revenue. The total revenue collected between January 1 and July 31 of this year alone is more than the initial two-year projection of $18.4 million estimated by the Oregon.

Marijuana tax revenue in Oregon is split among schools, law enforcement and drug treatment programs. But the first chunk of cash will go to cover the costs of overseeing the state’s recreational marijuana program. The current tax on recreational marijuana took effect January 4, 2016.

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In Nevada, sales taxes on wholesale and retail marijuana flow to schools through the state’s Distributive School Account – it’s school funding formula – instead of to special programs. In Oregon,

Share. Tweet. Pin. Share. Who says money doesn’t grow on trees? By Wednesday, Oregon’s officials will have distributed approximately million to the state’s school fund, public health services, and local municipalities.

 · The first-ever payouts of marijuana-related revenue in Oregon provided a wealth of new revenue for schools, municipalities and other public services the Oregon Department of Revenue announced on Friday. Between Jan. 4, 2016, and Aug. 31, 2017, Oregon collected $108.6 million in state and local taxes from marijuana revenue and now the time has come for [.]

The government, in other words, is not missing out on revenue from the. in Congress to legitimize marijuana nationwide. Senator Jeff Merkley of Oregon, who accompanied a marijuana farmer as he.

Marijuana tax revenue in Oregon continued a steady decline from late last year, a marked departure from the strong upward trend that defined early months January tax collection figures released by the Oregon Department of Revenue were off a few hundred thousand dollars from last December and.

Oregon voters will decide whether to legalize marijuana in a November ballot measure. Colorado had varying revenue estimates on its colorado gov. john Hickenlooper in March sent lawmakers a far more generous estimate of how much pot taxes would bring in this fiscal year – some $98 million.

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