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

Cannabis being sold at Pure Green in Portland.
Cannabis being sold at Pure Green in Portland.

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 from cannabis sales in just the first four months of this year, Oregon’s sales are based strictly on the relatively small number of medical cannabis dispensaries that have opted to take advantage of a law passed last year that allows them to sell to anyone 21 and older – patient or not – until licensed cannabis retail outlets open next year (these outlets will be licensed by the Oregon Liquor Commission).

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

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