Oregon Made Over $8 Million in Taxes From Legal Marijuana Sales in September

In September those in Oregon purchased enough marijuana legally for the state to earn over $8 million in tax revenue.

More precisely, Oregon made $8,054,422 in marijuana taxes in September, according to new data released by the Oregon Department of Revenue. Although this is lower than the record setting $10.1 million made in August, it represents a an 8% increase from the $7.4 million garnered in September, 2017.

Of the $8 million in marijuana taxes made in September, roughly $6.9 million came from the statewide marijuana tax (17%), with the remaining $1.1 million coming from local taxes (up to 3% per locality).

Read moreOregon Made Over $8 Million in Taxes From Legal Marijuana Sales in September

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 sale of around $50 million worth of marijuana and marijuana products.

Of the $10.1 million in marijuana taxes made in August, $8,791,774 came from the state’s tax on marijuana; the remaining $1,322,820 came from local taxes.

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

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%.

Read moreOregon Brings in Nearly $9 Million in Taxes from Legal Marijuana in April

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 the $1.7 million in taxes Alaska garnered in all of fiscal year 2017 (which began on July 1st, 2016 and ended on June 30th of this year).

According to the Department of Revenue, the taxes earned came from 612 pounds of marijuana flower being sold, in addition to 369 pounds of trimmings (making the total sold at 981 pounds). Alaska collects $50 per ounce of marijuana flower, and $15 per ounce of marijuana trimmings.

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

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 from $1.32 billion in legal marijuana sales (all of this is as of June 20, meaning the total numbers for FY 2017 will end up slightly higher).

By comparison, there was $786 million in total marijuana sales, resulting in $185 million in taxes, in FY 2016. In FY 2015, the first fiscal year with legal cannabis sales, $64.8 million in taxes was garnered from $259 million in sales.

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

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, 490 retail licenses and 974 producer/processor licenses have been distributed throughout the state.

So far in fiscal year (FY) 2017, which began on July 1st, there has been $1,181,675,336 in legal marijuana sold, resulting in $220,980,590 in taxes. This has already topped the total sales ($972,729,675) and taxes ($185,786,493) for FY 2016.

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

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.

In 2016 there was a over $1.4 billion in legal cannabis sold in Washington State, which resulted in over $250 million. This total was slightly higher than the $1.3 billion worth of legal cannabis sold in Colorado in 2016, which garnered the state almost $200 million in taxes.

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

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.

cannabis 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 much higher next year, given the market’s rapid expansion and the fact that designated cannabis retail outlets didn’t open until October; for example in January the state collected $2.5 million in cannabis taxes, which rose to over $7.8 million in October.

Read moreOregon has Garnered Over $54 Million in Cannabis Taxes in 2016

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

Cannabis SalesIn 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 cannabis – with a 25% tax at the point of sale (medical cannabis is tax free) – though that will change next year when licensed cannabis retail outlets open; at that point dispensaries will go back to selling exclusively to patients.

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

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

West Virginia 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 wholesale price, the state would garner an estimated $45 million in new taxes each year from residents. a 15% tax would garner the state less, but still a significant sum; $26.8 million.

The report estimates that if just 10% of those who living within a 200-mile radius of West Virginia came to the state to legally purchase cannabis, the state would garner an additional $194 million in taxes at a 25% rate; they would garner $116.5 million at a 15% tax rate.

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