oregon marijuana revenue

“Plus, we could eventually export our Oregon-grown products to other states. about the consequences that come with the county no longer receiving state tax money from the marijuana industry. While.

2019-01-18  · Oregon’s marijuana market is reaching maturity, more than three years into the state’s grand experiment.The once-illegal drug already has brought in more tax money to Oregon than expected. A robust industry has sprouted in Lane County. And marijuana production has led to jobs, hundreds of them in Lane County.These numbers help put.

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The oregon health authority is investigating two reported cases of this illness in our state, including one fatality. The CDC, U.S. Food and Drug Administration, state and local health departments, and other clinical and public health partners are investigating a multistate outbreak of severe pulmonary disease associated with e-cigarette product (devices, liquids, refill pods, and/or cartridges) use.

Portland Marijuana Tax. On November 8, 2016, portland voters passed ballot Measure 26-180, establishing a 3% tax on recreational marijuana sales in the City of Portland.Revenues from this tax are allocated to drug and alcohol treatment, public safety investments, and support for neighborhood small businesses.

Oregon just collected its first revenues from the marijuana sales tax, and pulled in $3.48 million. State authorities announced the revenue on Thursday. Dispensaries have to remit the 25% sales tax.

Tax revenue in Oregon from the sales of retail cannabis products is exceeding initial projections, according to an economic analysis published.

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The State of Oregon Department of Revenue (DOR) is providing tax collection and other administrative duties for the Eugene Retail Marijuana Tax. All marijuana tax payments owed to the City of Eugene should be remitted to the Oregon Department of Revenue using the appropriate forms and payment procedures explained on the DOR website. Marijuana retailers are required to remit taxes owed to the City of Eugene on a monthly basis.

According to the Oregon Department of Revenue, state and local recreational marijuana sales/excise taxes generated million in tax revenue in 2017, up from $60 million in 2016. [52] A 2019 audit found that "most of the collected taxes have gone toward shortages in the city’s general fund and specifically to police and transportation programs."

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Marijuana dispensaries remitted taxes on recreational pot for the first time.

lack of history,” Oregon Office of Economic Analysis Senior Economist Josh Lehner said in the report. The history we do have is largely positive – between 2017 and 2018, marijuana tax revenue.

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