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US: First-month Oregon pot sales tax receipts far exceed projections

NewsOK

Monday 21 Mar 2016



The first month of taxable commercial sales of recreational marijuana in Oregon generated nearly $3.5 million in tax revenues, far exceeding projections, the state Department of Revenue has reported.

Oregon's marijuana tax receipts from January also surpassed the first-month tallies from recreational cannabis sales in Colorado and Washington state, the first two states to legalize general commercial distribution of pot for adults.

Colorado collected $2.9 million in taxes when recreational sales launched there in January 2014, a sum that included revenue from both recreational and medical cannabis purchases.

www.reuters.com

http://newsok.com/article/5486437

 

 

 

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