State rolls in more pot tax revenue than expected
The revenue department collects $6.84 million in January, February
Oregon’s Department of Revenue unwittingly marked unofficial “Weed Day” April 20 by announcing another better-than-predicted return in recreational marijuana revenue.
The state collected $6.84 million in taxes from sales of recreational pot in January and February — the first two months since a 25 percent tax on the product took effect. Tax collections exceeded state economists’ projection of $2 million to $3 million for the first year of taxation on the product.