Oregon Marijuana = Government Profit
This past January marked the first month that the state of Oregon collected taxes on the sale of recreational marijuana, marking another milestone in the state’s unfolding experiment with legalized pot.
But it was the amount collected in taxes in January that raised eyebrows in Salem and around the state: The Oregon Department of Revenue pegged the amount at $3.8 million.
Let’s put that number into perspective: Obviously, no one knew for sure what sort of sales would result from the voter-mandated decision to make recreational use of marijuana legal, so state economists admitted that their estimates were little more than guesses. But they figured that Oregon would collect somewhere between $3 million and $4 million in tax revenue a year.
So, in other words, the amount of money collected in taxes from marijuana sales in January, just that one month, was equal to what experts were expecting for the entire...
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