Recreational marijuana generates $3.5m in tax revenue in first month

Posted by | March 19, 2016 12:35 | Filed under: Economy Politics

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It’s good for the economy and, some would say, good for you.

Oregon’s marijuana tax receipts from January also surpassed the first-month tallies from recreational cannabis sales in Colorado and Washington state, the first two states to legalize general commercial distribution of pot for adults.

Colorado collected $2.9 million in taxes when recreational sales launched there in January 2014, a sum that included revenue from both recreational and medical cannabis purchases.

Washington’s recreational industry, which started slow with just 18 stores licensed to sell pot, yielded $1 million in tax revenue when it debuted in August 2014.

By comparison, Oregon’s 300 licensed cannabis retailers sold $13.9 million worth of marijuana in January, generating $3.48 million in taxes, according to a revenue report issued on Thursday.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

19 responses to Recreational marijuana generates $3.5m in tax revenue in first month

  1. Mike March 19th, 2016 at 12:38

    Can we add the savings from no arrests, incarcerations, raids, or trials…???

    • Mensa Member March 19th, 2016 at 12:44

      But we must also subtract the societal and health costs of marijuana use.

      And have a feeling that we are going give the marijuana industry the decades-long free ride America gave the tobacco industry.

      We should be taxing them now for future health costs. Don’t force the victims to sue.

      • Mike March 19th, 2016 at 13:11

        Exactly which societal and health costs would those be..??? And aren’t we already bearing those costs …??? The taxes collected in the legal venues only go to decreasing those costs, not adding to them.
        Furthermore, comparing marijuana to tobacco in most contexts is a false equivalence, in the context you’ve chosen, it’s an argument from ignorance. (it’s pure conjecture)
        The tobacco industry is directly responsible for 200k deaths a year, your improbable hypothesis imagines we will all of a sudden see hundreds of thousands dying because of pot use that aren’t dying now…unlikely.
        The tobacco industry was sued because it sold a highly addictive carcinogen to an unknowing consumer…it engaged in malice when they conspired and worked to negate any science or data which confirmed those facts. The marijuana industry is the absolute antithesis of what big tobaccois

      • rg9rts March 19th, 2016 at 13:22

        Boy for a mensa member you sure are stupid

        • oldfart March 19th, 2016 at 18:42

          who says you have to SMOKE it ? ;)

          • rg9rts March 20th, 2016 at 05:17

            Book smart street stupid…hope he never has to go through chemo

          • DogsRgoodpeople March 20th, 2016 at 06:59

            hell yeah, make a little green butter and melt in your………………….whatever

      • StoneyCurtisll March 19th, 2016 at 14:00

        No person has even gone to prison for or convicted of “tobacco possession, smuggling, or dealing”…

  2. rg9rts March 19th, 2016 at 13:20

    LMAQO……THAT aint chicken feed

  3. rg9rts March 19th, 2016 at 13:21

    LMAO THAT aint chickenfeed

  4. StoneyCurtisll March 19th, 2016 at 13:51

    Cough…..
    https://www.youtube.com/watch?v=rYvn9LLDWb0

  5. CHOCOL8MILK March 19th, 2016 at 16:27

    Tom and Jerry supports this article.

    http://acl.altervista.org/wp-content/uploads/2011/12/cartoon-blunt-tom-jerry.gif

  6. The Original Just Me March 19th, 2016 at 21:55

    If it wasn’t for losing their own personal income on it, most Republicans would jump on this Money train.

    • Jessica Davis March 20th, 2016 at 05:27

      I am getting a salary of 5900 dollars each week…qty Over a year ago I was in a horrible condition , jobless and no bank credit . Thanks to one of my friends who showed me a way where I was able to gather myself and making average of 56 d/h. So it can change your life as it has changed mine. Why not try this.

      Look here for details
      swc..

  7. amersham46 March 20th, 2016 at 21:31

    But on the down side 1283 people were arrested for being mellow in public

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