Oregon Revenue Grows Like a Weed

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    oregon makes bank off pot As 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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