Katelyn Baker
Well-Known Member
Seaside - A ballot initiative that proposes a 3 percent tax on the sale of marijuana products by Seaside recreational marijuana retailers was approved unanimously by the Seaside City Council on Monday.
As a result, voters will have one more question to decide this November.
Retail sales would be subject to the tax. State law mandates local taxes may not be imposed on medical marijuana patients or caregivers.
Last fall, Seaside city councilors approved retail sales at licensed medical marijuana dispensaries. Highway 420, Cannabis Nation and Oasis Cannabis retailers are licensed within the city and regulated by the Oregon Health Authority and Oregon Liquor Control Commission.
Oregon now charges a temporary 25 percent state tax on retail sales of recreational marijuana from medical marijuana dispensaries. The state tax will be reduced to 17 percent once regulatory controls are in place.
Of state tax revenue from the retail sale of cannabis, 10 percent will be transferred to cities to "assist local law enforcement in performing its duties." After July 1, 2017, revenues will be distributed proportionately based on the number of licenses issued in each city. Fifty percent of revenues will be distributed based on the number of production, processor and wholesale licenses issued in the city, and the other 50 percent will be distributed based on the number of retail licenses issued in the city.
If a city adopts an ordinance prohibiting the establishment of any registered or licensed marijuana activities, it will not be eligible to receive state marijuana tax revenues.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Seaside Voters To Decide Fate Of Cannabis Tax Initiative
Author: R.J. Marx
Contact: (503) 325-3211
Photo Credit: Alessandro Bianchi
Website: The Daily Astorian
As a result, voters will have one more question to decide this November.
Retail sales would be subject to the tax. State law mandates local taxes may not be imposed on medical marijuana patients or caregivers.
Last fall, Seaside city councilors approved retail sales at licensed medical marijuana dispensaries. Highway 420, Cannabis Nation and Oasis Cannabis retailers are licensed within the city and regulated by the Oregon Health Authority and Oregon Liquor Control Commission.
Oregon now charges a temporary 25 percent state tax on retail sales of recreational marijuana from medical marijuana dispensaries. The state tax will be reduced to 17 percent once regulatory controls are in place.
Of state tax revenue from the retail sale of cannabis, 10 percent will be transferred to cities to "assist local law enforcement in performing its duties." After July 1, 2017, revenues will be distributed proportionately based on the number of licenses issued in each city. Fifty percent of revenues will be distributed based on the number of production, processor and wholesale licenses issued in the city, and the other 50 percent will be distributed based on the number of retail licenses issued in the city.
If a city adopts an ordinance prohibiting the establishment of any registered or licensed marijuana activities, it will not be eligible to receive state marijuana tax revenues.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Seaside Voters To Decide Fate Of Cannabis Tax Initiative
Author: R.J. Marx
Contact: (503) 325-3211
Photo Credit: Alessandro Bianchi
Website: The Daily Astorian
