Katelyn Baker
Well-Known Member
Voters in Bend approved the city's first sales tax, a 3 percent tax on recreational marijuana.
Madras and La Pine voters also approved 3 percent sale taxes on pot after bans on marijuana failed.
Right now, there is a 25 percent state sales tax on recreational marijuana, but that will drop to 17 percent in 2017 when the Oregon Liquor Control Commission takes control of the program. State law doesn't allow a city to adopt more than a 3 percent tax, and medical marijuana would be exempt from the taxes.
In the first three months of 2016 alone, sales of Oregon recreational marijuana yielded $10.5 million in tax revenue, according to state data. City officials in Bend, Madras and La Pine have yet to decide where the local pot tax money will go.
In Bend, the tax could bring the city about $345,000 annually based on a month of marijuana tax receipts that were submitted to the state, according to the city. The money will go into the city's general fund, which pays for things like police, fire and roads.
Voters in La Pine and Madras cast ballots on two measures. One measure called for banning recreational marijuana retailers, while the other called for imposing a 3 percent tax on recreational marijuana if the bans failed.
In Madras and La Pine, the bans failed, and voters approved the tax. The tax revenue will go into both cities' general funds.
Meanwhile, voters in Jefferson County approved several other measures to limit marijuana sales and production throughout the county. Voters approved measures to ban recreational marijuana processors, producers, retailers and wholesalers in unincorporated parts of the county. Measures to ban medical marijuana dispensaries and processing sites were too close to call Tuesday night.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Marijuana Tax Passes In Bend, Madras, La Pine
Author: Marina Starleaf Riker
Contact: news@bendbulletin.com
Photo Credit: Elaine Thompson
Website: The Bulletin
Madras and La Pine voters also approved 3 percent sale taxes on pot after bans on marijuana failed.
Right now, there is a 25 percent state sales tax on recreational marijuana, but that will drop to 17 percent in 2017 when the Oregon Liquor Control Commission takes control of the program. State law doesn't allow a city to adopt more than a 3 percent tax, and medical marijuana would be exempt from the taxes.
In the first three months of 2016 alone, sales of Oregon recreational marijuana yielded $10.5 million in tax revenue, according to state data. City officials in Bend, Madras and La Pine have yet to decide where the local pot tax money will go.
In Bend, the tax could bring the city about $345,000 annually based on a month of marijuana tax receipts that were submitted to the state, according to the city. The money will go into the city's general fund, which pays for things like police, fire and roads.
Voters in La Pine and Madras cast ballots on two measures. One measure called for banning recreational marijuana retailers, while the other called for imposing a 3 percent tax on recreational marijuana if the bans failed.
In Madras and La Pine, the bans failed, and voters approved the tax. The tax revenue will go into both cities' general funds.
Meanwhile, voters in Jefferson County approved several other measures to limit marijuana sales and production throughout the county. Voters approved measures to ban recreational marijuana processors, producers, retailers and wholesalers in unincorporated parts of the county. Measures to ban medical marijuana dispensaries and processing sites were too close to call Tuesday night.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Marijuana Tax Passes In Bend, Madras, La Pine
Author: Marina Starleaf Riker
Contact: news@bendbulletin.com
Photo Credit: Elaine Thompson
Website: The Bulletin
