Oregon Revenue Grows Like a Weed

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    oregon makes bank off potAs of September 30, 2016, the Oregon Department of Revenue has received $40.2 million in marijuana tax payments. Medical marijuana dispensaries started collecting a 25-percent tax on their recreational marijuana sales in January.

    With licensed retailers now selling recreational marijuana in some areas, consumers may see a lower tax rate on their receipts. “Retailers” are those selling recreational marijuana who have been licensed by the Oregon Liquor Control Commission (OLCC). Licensed retailers must charge a 17-percent tax on all recreational marijuana sales. Dispensaries must continue to charge the 25-percent tax rate until early-start provisions expire at the end of this year.

    For dispensaries, third-quarter marijuana tax returns are due by October 31, 2016. Forms, instructions, and important information about filing and payment requirements are available at www.oregon.gov/dor/marijuana. If dispensaries or retailers need additional assistance, they can contact the Marijuana Tax Program at (503) 947-2597 or [email protected]

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    Justin Werner is founder and publisher of Lincoln City Homepage and a journalist reporting news for the fine citizens of Lincoln City, Oregon and beyond. He's on a mission to seek out truth and isn't afraid to be the tip of the spear for freedom of the press. When he's not wearing his reporter hat, you can find him enjoying the Oregon Coast with his wife and three children.

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