Leaves of a marijuana plant are displayed at The International Cannabis and Hemp in Daly City, California on April 18, 2010.
Leaves of a marijuana plant are displayed at The International Cannabis and Hemp in Daly City, California on April 18, 2010. Justin Sullivan—Getty Images
Oregon 's pot industry sold nearly 5 million grams — or roughly 11,000 pounds — of marijuana during the first three months of 2016, according to a report from the state government.
The report, compiled by the Oregon Department of Revenue, shows the monetary impact of Oregon's marijuana tax. The state legalized recreational marijuana in 2014, and began temporarily taxing sales from marijuana dispensaries in January 2016, at a rate of 25%. That program ended this past January.
Licensed retailers were allowed to start selling marijuana in October of that year, with a state tax rate of 17%, which is still in effect.
Residents living in the metropolitan area of Portland bought more than 3 million grams during the first three months of 2016.
The state raised $54,506,832 in marijuana tax revenue from February to November of 2016, according to the report.
zeCrazyEye on April 5th, 2017 at 02:43 UTC »
Goddamn, Oregon is going to jail for a long time.
shhhhquiet on April 4th, 2017 at 23:07 UTC »
This just drives me nuts. That's a good chunk of economic activity going to above board US based businesses instead of criminals based out of the country. And it's taxed! It shouldn't even be a question anymore: legal weed would be good for the country.
dcmfox on April 4th, 2017 at 22:37 UTC »
And I take credit for one of those lb's