Dozens of Oregon communities are asking their voters tonight to approve a 3% retail cannabis sales tax, which would be added on top of the state’s mandatory tax on cannabis sales. The extra 3% tax would be earmarked for local government use.
Currently, Oregon cannabis sales are subject to a 25% state tax. Starting January 1, tax rates will drop to 17% or 20%, depending on whether or not local voters chose to embrace the extra 3% retail tax.
The state of Oregon collected more than $25.5 million in taxes during the first six months of 2016 and the marketplace is on track to meet state economists’ predictions.
Check back later for updates on the many Oregon localities voting on this issue tonight!
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