Oregon collects three times expected amount of recreational marijuana taxes in first month
Oregon brought in more than three times the expected amount of recreational marijuana tax money in the first month it was collected from dispensaries, potentially moving up when the state distributes revenue to cities and counties.
Officials estimated that January might bring in about $1 million in taxes, said Derrick Gasperini, communications manager for the state Department of Revenue. Figures released Wednesday by the department showed that the state collected $3.48 million in taxes for recreational marijuana sales in January. “It does exceed projections,” he said.
As part of a startup year for a recreational marijuana industry in Oregon, dispensaries selling medical marijuana that registered with the department were allowed to sell to recreational buyers. The state requires those dispensaries to charge a 25 percent tax on recreational sales. Medical marijuana sales in Oregon remain untaxed.
That could mean that the tax figures indicate that dispensaries around Oregon sold nearly...
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