oregon tax revenue from pot
Washington state has brought in $70 milion in tax revenue from legal marijuana sales.. and one to cut Washington’s three-level excise tax on pot to a single, 37-percent tax.. as Oregon and.
SALEM – Oregonians are buying more legal pot than expected. That means they are also poised to pay more taxes on it – about $12.5 million more in the current budget than state economists projected several months ago.
"The revenue estimate from taxes when fully implemented may range from $17 million to $40 million annually," the Oregon state financial estimate committee wrote last week. The committee is comprised of several high-ranking members of the Oregon state government including Secretary of State Kate.
Oregon cities passing their own taxes on pot sales are "undercutting our goals," he said, adding that the measure would forbid such taxes. Meanwhile, opponents say that tax revenue isn’t worth approving legalization. People aren’t "thinking about the social costs, which will far outweigh any tax.
The Oregon Legalized Marijuana Initiative, Measure 91 was on the November 4, 2014 statewide ballot in Oregon as an initiated state statute, where it was approved. The measure legalized recreational marijuana for people ages 21 and older, allowing adults over this age to possess up to eight ounces of "dried" marijuana and up to four plants.
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Oregon State Tax Resources. Oregon Department of Revenue: www.oregon.gov/DOR. Oregon State Tax Forms and Publications: oregon.gov/dor/forms/Pages/default.aspx. Oregon Department of Revenue Electronic Services (electronic filing).
The Oregon Department of Revenue says it cannot disclose the pot businesses that owe money because of a state law. That’s not the case in Washington, where revenue and tax payments are made public for every cannabis business in the state.
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Updated August 2019. calendar year is defined as January 1 – December 31. Detailed monthly summary to date: Excel, PDF The Marijuana Sales Reports on this page are not the same as the Marijuana Tax Data Reports.. The Marijuana Tax Data reports show tax revenue collected monthly as posted in the State’s accounting system, while the Marijuana Sales Reports show unaudited monthly sales as self.
a senior economist with Oregon’s Office of Economic Analysis. The biggest challenge analysts face when calculating marijuana.