$89 million in sales, April alone.
The Oregon Liquor Control Commission reports marijuana sales were up 45% in April, compared to last year, making April 2020 the largest month on record for the state.
Oregon’s annual tax revenue from recreational marijuana sales now exceeds $100 million. The state collects 17% tax on retail cannabis sales, while counties or cities can apply a 3% tax.
Oregon’s annual tax revenue from recreational marijuana sales exceeds $100 million. The state collects 17% tax on retail cannabis sales, while counties or cities can apply a 3% tax.
Legal pot has provided a steady stream of tax revenue when other sources like personal income or state lottery revenues are less predictable due to the struggling economy and stay-at-home orders.
It’s kind of a no-brainer if you think about it,”
Said Robb Arnold, owner of Jayne, a marijuana dispensary in Northeast Portland.
Arnold explained that Oregon is an example of a state that has seen the legal cannabis industry flourish by delivering much needed tax-revenue and jobs, even in the toughest of times economically.