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Oregon Marijuana Tax Revenue Surpasses $100M for First Time

Cannabis Legalization

For fiscal year 2019, Oregon’s marijuana tax revenue has reached $102.1 million. Since the state legalized recreational use this is the first time that tax revenue collections have exceeded $100 million. The Oregon state marijuana recreational sales tax is 17% with some municipalities tacking on an additional 3%.

The fiscal year ended on June 30, according to Bloomberg Tax. Marijuana tax revenue increased 24% since fiscal year 2018. In May 2019 alone, the state generated $10,589,110 in marijuana tax revenue. That marks the single highest month of marijuana tax revenue since recreational sales started in 2016.

Local revenue has also crossed over the $1 million mark for every month in the 2019 fiscal year. This sets another record for the state as it is the first time that local revenues have reached this amount.