A Year Later, Recreational Pot Shops Which First Opened In Oregon Five Months Ago Began Charging A 17 Percent Tax.

Pictured: Sally Vander Veer of Medicine Man dispensary in Colorado hands over bags of cash to pay Medicine Man’s state taxes. SALEM, Ore. The marijuana business in Oregon is becoming a bonanza for the state. The Oregon Department of Revenue announced Tuesday it received $5.3 million in marijuana tax payments in January. The grand total of $65.4 million received in the year since Oregon started taxing pot sales is blowing the original estimate out of the water. Related: Report: Americas marijuana industry headed for $24 billion by 2025. In January 2016, the state started collecting a 25-percent tax from medical marijuana dispensaries’ recreational sales. A year later, recreational pot shops which first opened in Oregon five months ago began charging a 17 percent tax. Meanwhile, dispensaries stopped selling recreational pot. Even though the tax colorado pot business rate has dropped, money is still flowing into state coffers. Still, it is a drop in the ocean compared to an expected $1.8 billion budget shortfall, which the Legislature is now trying to resolve.

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