Oregon: $3.5 Million in Taxes Garnered During First Month of Taxed Cannabis Sales
February was the first month for Oregon cannabis dispensaries to remit the taxes they collected on their previous month’s recreational cannabis sales. In total, the state garnered nearly $3.5 million in taxes.
“Between February 1 and March 4, we posted 253 estimated marijuana tax payments to our system, totaling $3.48 million”, the Oregon Department of Revenue said in a Thursday press release. “Of those payments, 137 were made by appointment and 116 were made by mail. There were 309 dispensaries selling recreational marijuana products in January, according to the Oregon Health Authority.”
In Oregon, recreational cannabis is taxed 25% at the point of sale; outlets are authorized to sell up to an ounce of cannabis per person.