Oregon Just Made $3.48 Million From Marijuana

Marijuana dispensaries remitted taxes on recreational pot for the first time.

Oregon just collected its first revenues from the marijuana sales tax, and pulled in $3.48 million.

State authorities announced the revenue on Thursday. Dispensaries have to remit the 25% sales tax on marijuana to the Department of Revenue each month. The Department tallied the $3.48 million between Feb. 1 and March 4, KTVZ Oregon reports.

Revenue from the sale of marijuana partially motivated the state’s legalization of recreational pot use. After covering the state’s collection costs, 40% of the revenue goes toward education, 20% goes to mental health and drug services and the remainder goes toward enforcement and drug abuse prevention measures.

 

SOURCE: WWW.TIME.COM, BY JULIA ZORTHIAN

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