Oregon Brings in Nearly $9 Million in Taxes from Legal Marijuana in April
Oregon made nearly $9 million in taxes from legal marijuana sales in April.
According to Oregon’s Department of Revenue, the state garnered $8,868,932 in marijuana sales taxes in April of this year. This marks an over 70% increase from April, 2017, when the state brought in a little over $5 million in marijuana taxes.
Of the $8.8 million in taxes garnered in April, the vast majority – $7.6 million – came from Oregon’s 17% state tax on marijuana. The remaining $1.2 million came from local taxes, which can be up to 3%.
Based in the new figures for April, Oregon is on tract to garner around $100 million in marijuana taxes for 2018, which would be a large increase from the $68.6 million the state made in 2017.
In Oregon the possession of up to an ounce of marijuana is legal for those 21 and older, who can buy the plant and products made from it at licensed marijuana retail outlets.