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 state’s unexpectedly large tax haul so far prompted economists to revisit their original projections, which had put revenue somewhere between $2 million to $3 million for the whole year.
But Oregon has already collected $10.5 million in taxes in the first three months. That translates into at least $42 million worth of pot sold on the regulated market so far this year. And that figure doesn’t account for medical marijuana sales, which are untaxed. Marijuana sold on the recreational market is subject to a 25 percent tax.
– Read the entire article at Oregon Live.