Where will Oregon redistribute its $85 million in cannabis taxes?
Oregon legalized cannabis in 2014 and implemented its regulation in 2015. After 2 years of waiting, the state will start distributing its first revenues from taxes on cannabis sales.
The state had to wait to pay off the debts associated with the implementation of the new cannabis regulation law. The Oregon Liquor Control Commission had taken out a $13 million loan to finance the legalization of cannabis. Now that its debts have been paid off, the state will be able to redistribute the remaining $85 million to various programs.
According to KSDK, The $85 million will be distributed as follows:
- 34 million to finance the state school fund
- 17 million for psychiatric and substance abuse programs
- 17 million for towns and state counties
- 12 million for Oregon police
- 4 million for the State Health Authority
According to the latest estimates, the amount of taxes collected on cannabis sales is set to exceed $2 billion by 2020 across the whole of the United States.
Opioïdes : le cannabis légal réduit les overdoses
Le Kentucky élargit l’accès au cannabis médical à 15 pathologies supplémentaires
FDA grants «breakthrough therapy» status to cannabis-based pain treatment VER-01
Bedrocan cannabis flower soon available as THC concentrate
New Jersey opens more cannabis dispensaries to regulate psychotropic hemp products
Argentina reopens the cannabis legalization debate
Nigeria moves a step closer to legalizing medical cannabis
New York takes steps to keep cannabis from other states out of its legal market
Taiwan proposes to withdraw driving licenses for cannabis use abroad
Germany imported over 50 tonnes of medical cannabis in the first quarter of 2026
-
Cannabis in Africa2 days agoNigeria moves a step closer to legalizing medical cannabis
-
Business4 weeks ago
Will CBD edibles be banned on May 15 in France? An update on the situation
-
Cannabis in France4 days ago
Le Champ d’en Face aims to bring hemp back into the public discourse
-
Cannabis in France4 days ago
French CBD industry to challenge CBD product control plan in court
-
Cannabis in the Caribbean4 days ago
Antigua and Barbuda: When Cannabis Becomes a Cultural Destination and a Tool for Sovereignty
-
Cannabinoids4 days ago
Japan bans CBN
-
Cannabis in the U.S.3 days ago
Trump's reclassification of cannabis is being challenged in court
-
Business3 days ago
Germany imported over 50 tonnes of medical cannabis in the first quarter of 2026
You must be logged in to post a comment Login