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Oregon Just Made $3.48 Million From Marijuana
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Julia Zorthian
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Mar 17, 2016 8:38 PM CUT
Samples on display at Farma, a marijuana dispensary in Portland, Oregon, on October 4, 2015.
Samples on display at Farma, a marijuana dispensary in Portland, Oregon, on October 4, 2015.Josh Edelson—AFP/Getty Images
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Julia Zorthian
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Mar 17, 2016 8:38 PM CUT
Oregon just collected its first revenues from the marijuana sales tax, and pulled in $3.48 million.
State authorities announced the revenue on Thursday. Dispensaries have to remit the 25% sales tax on marijuana to the Department of Revenue each month. The Department tallied the $3.48 million between Feb. 1 and March 4, KTVZ Oregon reports.
Revenue from the sale of marijuana partially motivated the state’s legalization of recreational pot use. After covering the state’s collection costs, 40% of the revenue goes toward education, 20% goes to mental health and drug services and the remainder goes toward enforcement and drug abuse prevention measures.