Oregon Pot Edibles Market Grows, Adding Tax Revenue

Article by Junnelle Hogen, Statesman Journal , KGW

NEWS

Manufacturers of marijuana infused chocolate bars and gummy bears are ramping up production after an encouraging start to sales for recreational use.

The Oregon Legislative Revenue office expects a 10 to 15 percent increase in collected taxes for June recreational sales, following the rollout of edibles to recreational markets on June 2.

The trend is expected to continue for at least the next few months. The estimate is based on preliminary reports from the industry, and trends seen in Washington and Colorado, following their influx of cannabis-infused products.

Oregon recreational pot taxes in 2016 had reached $14.9 million total by May 30, according to the Oregon Department of Revenue. The Legislative Revenue Office anticipates gross tax revenue should average $3.7 million per month.

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