Oregon Mulls Twenty-Percent Sale Tax on Recreational Weed
New taxation rates will replace those dictated by Measure 91
New taxation rates will replace those dictated by Measure 91
When legal Cannabis is implemented in Oregon, the State Legislature may levy a maximum sales tax rate of twenty percent.
House Bill 2041 A, which allows the prohibition of pot facilities within 1,000 feet of schools, contains amendments that would oblige a seventeen-percent sales tax on retail weed products.
Recreational Cannabis was legalized in November of last year via Measure 91. The sales taxes covered by these recent amendments will replace the taxation system covered by Measure 91, which takes effect on July 1. After that date, adults aged twenty-one and over will be permitted to possess and cultivate limited quantities of weed.
If approved by voters, the latest amendments to House Bill 3400 would permit cities and counties to impose a three-percent tax. HB 3400 outlines regulations for the legal pot industry in Oregon.
Unlike Measure 91, which only allowed the state to impose taxes, these amendments will provide localities with the authority to do so.
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