Tag: marijuana taxes

Oregon Garnered Over $10 Million in Marijuana Taxes in August, Setting New Monthly Record

According to the Oregon Department of Revenue, the state made over $10 million in taxes from legal marijuana sales in August. In total, Oregon garnered $10,114,594 million in marijuana taxes in August, narrowly beating  out the previous monthly record set in July (the record before that was the $9.2 million made in January). August’s taxes were made from the …

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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 …

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Alaska Garners Nearly $600k in Marijuana Taxes for July, Highest Month Yet

Alaska earned nearly $600,000 in taxes from marijuana sales in July, the most since the state began legal marijuana sales. In total Alaska garnered $577,901 in taxes from legal marijuana sales in July; this is according to the state’s Department of Revenue. The nearly $600,000 in taxes made in July is roughly a third of …

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Washington State Garners Over $300 Million in Taxes from Marijuana Sales in FY 2017

Washington has garnered over $300 million in taxes from legal marijuana sales in fiscal year 2017. This is according to data from the Washington State Liquor and Cannabis Board (WSLCB). In total the state has earned $304,968,332 in fiscal year 2017, which began on July 1, 2016 and ended on June 30. These taxes come …

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Washington State Garnering Nearly $1 Million in Daily Taxes from Legal Marijuana Sales

Washington State’s legal marijuana market continues to grow, with daily marijuana sales surpassing $4.8 million. The daily average of $4.82 million in legal marijuana sales – a new high – garners the state roughly $910,000 in daily taxes. This is according to data collected by the state’s Liquor and Cannabis Board. According to the board, …

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Daily Marijuana Sales Reach $4.6 Million in Washington State, New High

There is now over $4.6 million in legal marijuana sold each day in Washington State. The daily average of $4,611,558 worth of marijuana sold results in over $800,000 in daily tax revenue for the state. This comes out to a monthly average of $138 million in marijuana sold, and over $25 million in taxes garnered. …

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Oregon has Garnered Over $54 Million in Cannabis Taxes in 2016

In its first year of legal cannabis sales, Oregon has so far garnered over $54 million in taxes. In total the state has garnered $54,506,832 in taxes from cannabis sales as of November 30th; this is according to data released by the state’s Department of Revenue.. Although this number is impressive, it’s expected to be …

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Oregon: Over $25 million in Taxes Earned in First Six Months of Legal Cannabis Sales

marijuana retail outlets

In the first six months of legal recreational cannabis sales in Oregon, the state has already garnered $25.5 million in taxes, putting the state on track for over $50 million for the first year. The numbers are based on data released by the Oregon Department of Revenue. Currently only medical cannabis dispensaries are selling recreational …

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Report: If West Virginia Legalized Cannabis, State Would Get Tens of Millions in Annual Taxes

A new report conducted by the nonprofit West Virginia Center on Budget and Policy has found that West Virginia would get tens of millions of dollars in new taxes each year if they were to legalize cannabis for recreational purposes. According to the report, if cannabis were legalized with a tax of 25% of its …

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Oregon Garners $15 Million in Cannabis Taxes in First Five Months of 2016

Legal cannabis sales in Oregon have netted the state roughly $15 million in taxes in the first five months of the year (from January 1st to May 30th). This is according to data released by the Oregon Department of Revenue. Although the number pales in comparison to the $50 million in taxes Colorado has gained …

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