Recreational pot brings in $3.5M in first month in Oregon - KPTV - FOX 12

Recreational pot brings in $3.5M in first month in Oregon

Posted: Updated: Mar 17, 2016 04:25 PM
(KPTV file image) (KPTV file image)

Oregon officials say they've collected about $3.5 million in taxes from recreational marijuana sales in January.

The 25 percent-tax on recreational pot sales began at the start of 2016 and the state began collecting the taxes from dispensaries last month.

Data released Thursday show the $3.5 million collected came from 253 individual payments. That's fewer than the 309 medical dispensaries statewide that have elected to sell recreational pot.

Officials say it could mean dispensaries are either late with their payments or they simply decided not to sell recreational pot.

An Oregon Department of Revenue spokeswoman says they'll have a better idea of the situation after the dispensaries file their tax returns at the end of the quarter.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
FOX 12
Powered by WorldNow CNN
All content © 2018, KPTV-KPDX Broadcasting Corporation, Portland, OR . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.