An ECONorthwest study reports that marijuana regulation would create $38.5 million in excise tax revenue for the state during the 2017 fiscal year.
During that full two-year biennium, it would generate $78.7 million.
ECONorthwest only studied the plan’s direct fiscal impact, as opposed to such operational impact related to courts, police and jails. Supporters say some of the proceeds would go toward criminal and behavioral health initiatives, as well as schools.
Read more at Portland Business Journal
Related Oregon Business story: Weed Whackers: Will rural Oregon cash in on legal marijuana?