Legal pot revenues could bring in $40M

Legal pot revenues could bring in $40M

If Oregonians vote to legalize, regulate and tax marijuana for recreational use, state economists estimate Oregon could bring in up to $40 million a year.

The statement, finalized on Monday, was prepared by the Oregon state financial estimate committee, which includes the Oregon’s Secretary of State, the State Treasurer, the Department of Administrative Services director and the Department of Revenue director.

Under the “Control, Regulation, and Taxation of Marijuana and Industrial Hemp Act,” which Oregon voters will consider in November, 40 percent of the tax revenue collected would go to schools; 35 percent would go to state and local police; and 25 percent would go to drug treatment, prevention and mental health programs.

Read more at Salem-News