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 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