Oregon rakes in $60 million in state sales taxes from marijuana
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.
Bored To Death - George and Ray smoking
Cali Mist (Hybrid)
Legalization’s Impact: Growing Revenue, Narrowing Margins
White Rhino (Hybrid)
A spinoff of the world-famous White Widow cannabis strain, White Rhino is a dominantly Indica hybridized marijuana strain. It has been created by blending some of the finest characteristics from Brazilian, Indian and Afghanistani strains. It is a cross between White Widow and an unknown strain from North America. White Rhino medicinal cannabis, like White Widow weed, is loaded with mind-loving crystalline THC resin glands.
Israel Is Running Out of Marijuana
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.
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