Who says money doesn’t grow on trees?
By Wednesday, Oregon’s officials will have distributed approximately $85 million to the state’s school fund, public health services, and local municipalities.
$85 million in marijuana taxes going to education, state police, OHA, cities/counties. Check out https://t.co/4i1W4OnLv8 for the breakdown.
— Oregon Revenue Dept. (@ORrevenue) October 6, 2017
Oregon marijuana tax revenue disbursement
Generated by Oregon’s adult-use marijuana program between Jan. 4, 2016 and Aug. 31, 2017, the Oregon Department of Revenue (DOR) announced on Friday that the department had collected just north of $108 million in total marijuana taxes.
Of Oregon’s $108 million in new marijuana tax revenue – $94.55 million has been earmarked for distribution.
House Bill 3470, which dictates the distribution of Oregon’s marijuana revenue, directs the following dispersal:
- State School Fund will receive 40% – $34 Million
- Mental Health, Alcoholism, and Drug Services Account will receive 20% – $17 Million
- Oregon’s Cities and Counties will receive 10% – $17 Million
- Oregon State Police will receive 15% – $12.75 Million
- Oregon Health Authority…