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The Rocky Mountain Collegian

The Student News Site of Colorado State University

The Rocky Mountain Collegian

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The Rocky Mountain Collegian

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From the Rockies to the Races: Why College Students Are Joining the Celebrity-Packed  Kentucky Derby
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January taxes collected on Oregon recreational pot reach $3.5M

(Photo Credit: Flickr)
(Photo Credit: Flickr)

Recreational marijuana has been taxed heavily in Oregon since the start of the year. Data was released Thursday showing that $3.4 million in taxes have been collected so far for January sales, according to the Cannabist. 

Not all businesses have filed tax returns yet, but 253 individual payments have been made. There are 309 dispensaries in the state licensed to sell recreational marijuana, and they are all required to charge a 25 percent excise tax.

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The dispensaries that have not yet filed their tax returns are either late to make a payment or have decided not to sell recreational marijuana. The Oregon Department of Revenue will have a better understanding at the end of the quarter.

To read more about marijuana tax collection in Oregon, see the full story

Collegian Green Report Blogger Capelli D’Angelo can be reached online at blogs@collegian.com.

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