Oregon cannabis stores sold $793 million in products to consumers last year, generating more than $110 million in tax revenue for state and county coffers, according to an analysis of Oregon Liquor Control Commission data.

The U.S. Supreme Court’s decision this week not to consider a Colorado Supreme Court ruling on a tax fine – coupled with dissenting opinions in a recent case involving a California medical marijuana company – could have significant ramifications for the cannabis industry, according to tax experts.

The total, the largest since recreational sales began legal in July 2017, represents an increase of more than $1 million from September and a jump of close to $1.6 million from the October 2018.

British Columbia’s monthly share of the federal tax on cannabis rebounded 62% to 781,000 Canadian dollars ($600,000) for August after falling below CA$300,000 in July for only the second time since legalization. Says MJ Biz

More and more states across the South are adopting medical marijuana regimes. With this growth comes growing pains. One such pain for marijuana businesses is the tension between following state laws on a product that is still illegal at the federal level. This has impactful results for the taxation of medical marijuana businesses.

An auspicious tax season awaits marijuana professionals who prepare with these three actionable tips.

Farrell Fritz, P.C. write, Under Federal law, cannabis is a “Schedule I” controlled substance; thus, the manufacture, distribution, dispensation, or possession of marijuana – even medical marijuana recommended by a physician – is prohibited as a matter of Federal law.[ix]

This media report did the numbers and settled on $US1.1 million tax revenue on day 1 of trading.

Seven volunteers from different areas in Pueblo County will be meeting four times a year to break down where both the excise and retail sales taxes on recreational marijuana are being spent. Jason Chippeaux is now the chair of the committee, and said there’s no shortage of need for the money in the community, and there are lots of ideas as to how it should be used. “My interest primarily was that of a citizen, with two kids who live in Pueblo, and rooting for the best for Pueblo,” said Chippeaux.

The mining industry is getting a better deal than the cannabis industry..“I think the contrast between how this state treats mining and cannabis reveals the outsize influence and crony capitalism of the mining industry,” says Patrick Donnelly, Nevada State Director for the Center for Biological Diversity