You are here
Home 🌿 Recreational Marijuana News 🌿 Ontario, Oregon officials: Marijuana sales tax revenue not worth it 🌿Ontario, Oregon officials: Marijuana sales tax revenue not worth it
ONTARIO -- In just one week, it's estimated that recreational marijuana sales in Oregon will total more than $11 million.
The Oregon Retailers of Cannabis Association says 247 stores have sold millions in marijuana, much higher than the expected revenue.
Right now, marijuana sales are not allowed in Ontario, Nyssa, and Vale since they have a ban in place.
The mayor, police chief and superintendent in Ontario are all standing behind that ban on dispensaries, which means they won't see any of the tax benefits from the sales.
They say that's okay - and believe no amount of money is worth the possible affect on the community.
The sales aren't taxed yet, but in January, they will be - at 25 percent.
Ontario Superintendent of Schools Nicole Albisu says it's something they're watching closely.
"We've certainly considered all that it has to offer but I think everyone is all on the same page, we want...
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.