Oregon brought in more than $107 million in taxes from the legal sale of marijuana and marijuana items in 2018.According to information released by the Oregon Division of Income, the state produced $107,777, 721 in 2018 from marijuana taxes. This is drastically larger than the roughly $68 million produced in 2017, and the $60 million garnered in 2016 (the very first year of legal sales).
Of the $107 million in marijuana taxes Oregon earned in 2018, $94,226,985 came from the statewide tax on marijuana (17%). The remaining $13,550,736 came from nearby taxes, which differ from city to city but can exceed three%.
Oregon’s largest single-month marijuana tax acquire in 2018 came in November, with $11.six million garnered. The lowest-earning month was February, with $7.7 million.
In Oregon, thanks to an initiative passed in 2014, the possession of up to an ounce of marijuana is legal for these 21 and older. Marijuana retail outlets, licensed by the state, are authorized to sell the plant they very first opened in 2016.
Extra information on Oregon’s marijuana market place can be identified by clicking right here.