United States
info@cannaconsultinggroup.com
206-446-9291

Blog Details

Oregon Implementing a New 25% Tax on Recreational Cannabis

Oregon recreational marijuana users may be surprised to see prices have jumped today, with Oregon implementing a new 25% tax on recreational cannabis.   The tax hike coincides with the first day that the state’s Liquor Control Commission has begun accepting applications from entrepreneurs eager to open the first recreational cannabis shops in Oregon.

Since October, Oregon has allowed current medical cannabis dispensaries to sell marijuana to recreational patients tax free.  That tax holiday ended today, though, as the state moves closer to setting up a distinct system for recreational sales that will be separate from the current medical system.  The first official, state-licensed recreational stores are expected to open this fall.

Officials expect Oregon will generate roughly $2-$3 million in new tax revenue from cannabis sales in 2016, which will be used to fund schools, police, and addiction treatment services.  Patients with Oregon Medical Marijuana cards will still be able to purchase their medicine tax-free, but with recreational cannabis sales now dominating the market, some medical dispensaries are now considering abandoning the medical system altogether in pursuit of the larger recreational market.

Article Link: http://www.oregonlive.com/marijuana/index.ssf/2015/12/oregons_marijuana_tax_holiday.html

Leave a comment

You’re ready for the next step and Canna Consulting Group is ready to help you take it. Let us know what you do and how we can help, and we will match you with one of our top consultants to take the lead on your project. We help our clients reach their objectives by offering direct services and insights that increase efficiencies and performances that boost returns on investments. We are prepared to help you reach your goals, now lets get started.

    Your Name (required)

    Your Email (required)

    Subject

    Areas of Interest

    Your Message