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).

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Oregon: Nearly $8 Million in Marijuana Taxes Garnered in March

Oregon made nearly $8 million in taxes from legal marijuana sales in March, a slight increase from the month prior.

According to Oregon’s Department of Revenue, the state garnered $7,839,406 in marijuana sales taxes in March of this year. $6,768,304 of this came from state sales taxes, with the remainder coming from local marijuana taxes. This is a slight increase from the $6,700,855 in marijuana sales taxes garnered in February ($7,708,791 when counting local taxes).

With the newest data the state is on tract to garner nearly $90 million in marijuana taxes for 2018. This would well surpass the $68,646,246 the state made in 2017, and the approximately $60 million made in 2016.

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Oregon Garners $14.7 Million in Taxes from Marijuana Sales in First Two Months of 2018

In the first two months of the year Oregon made over $14 million in taxes from legal marijuana sales.

According to Oregon’s Department of Revenue, the state garnered $8,001,999 in marijuana sales taxes in January of this year. This marks the largest amount of marijuana taxes the state has received in a given month since the start of legal sales a little over two years ago (beating out the previous high of $7.8 million in October, 2016). In February of this year there was a slight dip from January, but the state still brought in a considerable amount of taxes at $6,700,855.

The average of this two months puts the state on track to earn roughly $88 million in marijuana taxes for the year. This would surpass the $68,646,246 the state made in 2017, and the approximately $60 million made  in 2016.

Read moreOregon Garners $14.7 Million in Taxes from Marijuana Sales in First Two Months of 2018

Oregon Garnered Over $68 Million in Marijuana Taxes in 2017

Oregon brought in over $68 million in taxes from the legal sale of marijuana and marijuana products in 2017.

According to data released by the Oregon Department of Revenue, the state made exactly $68,646,246 from marijuana taxes in 2017. This tops the roughly $60 million in marijuana taxes the state made in 2016.

Oregon’s biggest single-month marijuana tax gain in 2017 came in November, with slightly over $7 million garnered (in 2016 the most taxes made in a single-month came in October, with $7,8 million earned). The slowest month came in March, when the state made $4.4 million in cannabis taxes.

Read moreOregon Garnered Over $68 Million in Marijuana Taxes in 2017

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.

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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.

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Oregon: $3.5 Million in Taxes Garnered During First Month of Taxed Cannabis Sales

sfgate.comFebruary 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.”

Read moreOregon: $3.5 Million in Taxes Garnered During First Month of Taxed Cannabis Sales