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Oregon rakes in $60 million in state sales taxes from marijuana

Category: News | Posted on Sun, January, 22nd 2017 by THCFinder

Recreational marijuana sales in Oregon produced $60.2 million in state tax ­revenue in 2016, the first year of state-taxed pot sales.

For much of the year, ­marijuana sellers collected a 25 percent sales tax.

To produce the $60.2 million in tax revenue reported by the state Department of Revenue on Friday, total retail sales of marijuana and ­pot-laced products last year would have had to equal about $241 million.

Marijuana tax revenues ­exceeded projections, said Mazen ­Malik, senior economist for the Oregon Legislative Revenue Office. He had estimated ­marijuana sales would ­produce $44 million during the year, $16 million less than what came in.

Higher-than-predicted prices for marijuana extracts and edibles may have contributed to the higher than projected tax revenues, Malik said.

Read More:http://registerguard.com/rg/news/local/35198483-75/oregon-rakes-in-60-million-in-state-sales-taxes-from-marijuana.html.csp


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Bored To Death - George and Ray smoking

Category: Videos | Posted on Sun, January, 22nd 2017 by THCFinder


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Legalization’s Impact: Growing Revenue, Narrowing Margins

Category: News | Posted on Sun, January, 22nd 2017 by THCFinder

The legalization of cannabis throughout North America has created many opportunities for companies and investors, but the increase in supply has made the industry less profitable over time. While the cannabis industry is expected to soar to more than $20 billion in just five years, driving significant potential revenue, prices have fallen anywhere from 25% on the retail side to nearly 50% for wholesalers, which has put a strain on profit margins.

In this article, we will take a closer look at these trends and how they could play out for companies operating in the burgeoning industry.

Significant Revenue Opportunity

ArcView Research estimates that the North American cannabis industry will triple in size to more than $20 billion in five years. In addition to recreational legalization in Canada, California, Nevada, Maine, and Massachusetts’ recreational legalization will be key revenue drivers. Many companies have already benefited from these trends in both the U.S. and Canada and could experience even greater revenue growth over the coming years.

Read More:https://www.theweedblog.com/legalizations-impact-growing-revenue-narrowing-margins/


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Israel Is Running Out of Marijuana

Category: News | Posted on Sun, January, 22nd 2017 by THCFinder

Israel has big plans for cannabis.

Already a worldwide leader on marijuana-related research—with a government-approved, government-funded national research center under construction, and “millions of shekels” invested into companies working on marijuana products—Israel’s government has allowed medical marijuana as a tonic for intractable illnesses since 1992. Now, as legalization spreads like spider mites across America, Israel believes marijuana can be a money-making export product.

Israelhas plans to begin exporting medical marijuana to other countries within a few years, but in the short term, the country’s cannabis program is a victim of its own success.

As things stand now, Israel is going to run out of weed.

Read More:http://hightimes.com/news/israel-is-running-out-of-marijuana/


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