First Year of Recreational Marijuana Sales Are a Tax Windfall for Oregon

Legal cannabis will yield more than $200 million yearly for schools, public health and policing.

Economic advisors in Oregon have released their first estimate of what the state will make taxing marijuana sales. As in Colorado and Washington, the numbers are large and growing.

By the end of 2017, the state expects to have brought in as much as $67.2 million in marijuana taxes. That number is expected to grow to more than $156 million from 2017 to 2019, giving the state more than $210 million to distribute from marijuana tax coffers.

It also means that those who have invested in the marijuana industry are doing well.

– Read the entire article at Entrepreneur.