Who says money doesn’t grow on trees?
By Wednesday, Oregon’s officials will have distributed approximately $85 million to the state’s school fund, public health services, and local municipalities.
Oregon marijuana tax revenue disbursement
Generated by Oregon’s adult-use marijuana program between Jan. 4, 2016 and Aug. 31, 2017, the Oregon Department of Revenue (DOR) announced on Friday that the department had collected just north of $108 million in total marijuana taxes.
Of Oregon’s $108 million in new marijuana tax revenue – $94.55 million has been earmarked for distribution.
House Bill 3470, which dictates the distribution of Oregon’s marijuana revenue, directs the following dispersal:
State School Fund will receive 40% – $34 Million
Mental Health, Alcoholism, and Drug Services Account will receive 20% – $17 Million
Oregon’s Cities and Counties will receive 10% – $17 Million
Oregon State Police will receive 15% – $12.75 Million
Oregon Health Authority will receive 5% – $4.25 Million
Per the DOR, “Of the revenue eligible for distribution, $9.56 million went to transfers required under Senate Bills 1057 and 1597, repaying the Oregon Liquor Control Commission’s start-up costs, and covering administrative costs for the Department of Revenue.
Gratified by the distribution of funds, Anthony Johnson, a primary proponent of Measure 91, told The Oregonian, “This is what the voters intended. It shows that legalizing and regulating cannabis can help generate revenue for important governmental services.”
Not all cities will prosper
A fiscally responsible option for municipalities floundering in debt and swimming in red ink, those cities in Oregon that voted against adult-use marijuana sales will be cut off from any marijuana-related revenue after July 1, 2017.
This article was originally published on Marijuana.com.
About Monterey Bud: Born in Long Beach, raised on the central coast: I surf, dab, burn, and blog – though not necessarily in that order. I'm a husband, a father and a lifelong consumer of connoisseur grade weed. I don't drink alcohol or consume any other "drugs." I consider myself to be living proof that weed is not a gateway drug. If it were, I'd be in some serious trouble. Instead, as a 50-year-old ex-realtor that has been smoking weed for nearly 80% of my life (just did the math) ... I can only say, marijuana is safer than prescription pills or alcohol could ever hope to be for calming what stirs the savage beast.