$10M requested for marijuana sales kickoff in Oregon
Economists predict $18 million in Oregon's first two years.
SALEM, Ore. (KOIN 6) — On Thursday, Oregon lawmakers asked for $10 million to get recreational marijuana sales underway in the state, following in the footsteps of Colorado and Washington. But KOIN 6 News learned the tax money generated by pot sales is expected to be much slimmer in Oregon.
As the first state with a full year of recreational marijuana sales, Colorado is the poster child for legal pot. Just last year, the state generated $700 million in marijuana sales — about half recreational and have medicinal.
“We’ve looked at Colorado and Washington, their number of licenses, so it’s helped us think about how much we’re going to get in terms of permitees and what the revenue is going to be,” Steve Marks, the director of the Oregon Liquor Control Commission, said.
Oregon economists told lawmakers Thursday they predict the...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin