Fifth Oregon City Approves Tax on Recreational Cannabis Prior to Vote on Legalization
The Independence, Oregon City Council has unanimously approved a 10% tax on recreational
cannabis sales, in anticipation of voters approving legalization this November.
Independence joins Forest Grove, Lake Oswego, Cornelius and Oregon City as cities that have approved taxes on recreational cannabis sales weeks prior to the state’s votes this November 4th on Measure 91, which would legalize the possession, cultivation and state-licensed distribution of cannabis for those 21 and older. Adults would be authorized to possess up to eight ounces, and cultivate up to four plants.
According to a study released in July by ECONorthwest, the price of cannabis if Measure 91 is approved is likely to be around $140 an ounce. 40% of the tax money would go to schools, 35% to state and local police and 25% to drug prevention and treatment programs.
The City Council of Portland, Oregon, is expected to vote on a similar 10% tax on recreational cannabis sales next week.
– TheJointBlog