 Oregon just collected its first revenues from the cannabis sales tax, and pulled in $3.48 million.
State authorities announced the revenue on Thursday. Dispensaries have to remit the 25% sales tax on cannabis to the Department of Revenue each month. The Department tallied the $3.48 million between Feb. 1 and March 4. Revenue from the sale of cannabis partially motivated the state’s legalisation of recreational cannabis use. After covering the state’s collection costs, 40% of the revenue goes toward education, 20% goes to mental health and drug services and the remainder goes toward enforcement and drug abuse prevention measures. - KTVZ |
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