oregon marijuana sales Archives

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

November 25, 2018

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).

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

October 4, 2018

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.

Oregon Brings in Nearly $9 Million in Taxes from Legal Marijuana in April

June 14, 2018

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%.

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

April 6, 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.

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

December 14, 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 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.

Oregon’s First Recreational Marijuana Retail Outlets Open Saturday

October 3, 2016September 30, 2016

By The Associated Press

Starting on Saturday, residents can buy Oregon marijuana for recreational use at shops intended for that purpose.

The Oregon Liquor Control Commission announced on Friday it has approved licenses for 26 retailers around the state, meeting a key deadline almost two years after voters passed a ballot measure legalizing pot.

“It’s a pretty exciting day for the OLCC,” Steven Marks, the executive director of the commission charged with regulating recreational marijuana, said in a conference call with journalists. He said 12 recreational retailers can start operating as soon as Saturday.

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

August 22, 2016August 22, 2016

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 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.

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

June 23, 2016

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).

Oregon Opens Application Process for Legal Cannabis Industry

January 4, 2016

One year and two months after Oregon voters gave approval to Measure 91, legalizing recreational cannabis, the state’s Liquor Control Commission announced today that they’ve opened up the online application system for those wanting to participate in the legal cannabis industry.

Those applying for a license include those wanting to operate a cannabis retail outlet, those wanting to run a cultivation center, and those wanting to test cannabis for potency and pesticides. A separate license will also be required for those wanting to produce cannabis edibles and concentrates. The commission is planning to process applications for labs and outdoor cannabis producers first.

Nullification in Effect: Oregonians Defy Feds, Spend Millions on Marijuana in First Week of Legal Sales

October 18, 2015

By Tenth Amendment Center

SALEM, Ore. (Oct. 18, 2015) – In the first week of limited marijuana sales in Oregon, dispensaries sold a staggering $11 million of weed – more than double the numbers from Colorado’s first week – proving state laws legalizing cannabis truly do nullify federal prohibition in practice .

The Free Thought Project reported on the first week of sales emphasizing, “Adults 21 and over have been violating federal law by purchasing marijuana at medical dispensaries.”