On Monday, January 4 2016, Oregon consumers bought pot and it was taxed. A 25 percent sales tax was introduced and has been added to all recreational purchases moving forward. Medical marijuana still remains tax-free. Oregon dispensaries saw many consumers stock up on before the tax kicked in.
“Customers don’t want to pay taxes, but they understand to have a safe, regulated marketplace there’s some costs associated with that,” said Jeff Johnson, owner of Nectar Cannabis in Portland.
Tax revenue for the first year is estimated at $3 million. It’s lower than what Colorado saw, due to loans, extra staff and costs it’s taking to implement Measure 91 (which legalized recreational marijuana in the state in 2015).
Trackbacks/Pingbacks