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oregon tax revenue from pot

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 · For calendar year 2016, according to information the Oregon Department of Revenue released Friday, marijuana tax receipts totaled $60.2 million. One early estimate from the Oregon Liquor Control Commission, which regulates marijuana, projected receipts for the 2015-17 budget period, which runs through June 30, 2017, would only total $10.7 million.

Some studies peg the nationwide market at almost $8 billion a year with revenue exceeding billion. trips to Salem to pay Kind Leaf’s taxes. Krenzler said the real takeaway is the legal.

 · Oregon voters expected the revenue from pot taxes to go towards rebuilding disadvantaged communities. Instead, most of the income was used to backfill police budget shortages. Back in 2016, two.

Instead, most of the collected taxes have gone toward shortages in the city’s general fund and specifically to police and transportation programs, Oregon. those tax revenues, according to the audit.

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Oregon is expected to take in about $43 million in tax revenue from recreational marijuana this year under a revised estimate by state economists.

The checks are in the mail. That’s the message the Oregon Department of Revenue sent Friday when it announced it will pay out $85 million in marijuana taxes for schools, public health, police and.

Media coverage of Connecticut’s legalization issue focuses on projected tax revenue. It fails to account for. that have a years-long history with legalized marijuana. Colorado, Washington, Oregon.

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He said high-stakes gamblers factor in their ability to deduct losses on their tax returns when they decide how much to wager. Senate Bill 212 narrowly passed the Oregon Senate in March. Lawmakers on.

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The La Grange Village Board voted unanimously Monday to begin a review of the zoning code relating to the possibility of.

This week, Oregon’s Legislative Revenue Office (LRO) provided economic projections to the Joint Committee on Student Success Subcommittee on Revenue to assess the impact of a proposed gross receipts.

 · An overview of Oregon’s recreational marijuana taxes The state tax rate is 17 percent. Municipalities can enact an additional tax of up to 3 percent with the approval of voters. Only retailers licensed by the Oregon Liquor Control Commission (OLCC) can sell recreational marijuana. Our rules require monthly payments.

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