Oregon Collects $25.5 Million in Marijuana Taxes Since Start of the Year
Oregon medical marijuana dispensaries have sold an estimated $102 million in recreational cannabis since January, when the state imposed a 25 percent sales tax on pot.
The state has collected about $25.5 million in marijuana taxes in the first six months of the year and is on track to meet state economists' projections.
The latest tax figures, released Monday by the Oregon Department of Revenue, include the start of marijuana-infused edibles sales. The products include a wide variety of snacks, sweets and drinks and were available to anyone 21 and older starting in June.
The popularity of edibles was hard to project because it's difficult to measure the black market for them, said Mazen Malik, a senior state economist with the Office of Legislative Revenue.
"Consumers will not buy from somebody on the street corner selling them infused Kit Kats," he said.
Still, he said officials expected to see a bump from edibles'...
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.
Follow us on Instagram
Connect with us on Linkedin