Displays at Shango Cannabis shop on first day of legal recreational marijuana sales beginning at midnight in Portland, Oregon October
Screens at Shango Cannabis store on first day of authorized recreational pot sales beginning at midnight in Portland, Oregon
When it debuted in August 2014 Washington’s recreational business, which began slow with only 18 shops licensed to sell weed, produced $ 1 million in tax revenue.
The more powerful-than-anticipated sales might have came in part from the state’s slow way of marijuana tax, enabling more time for companies to get created.
The Liquor Control Commission, charged with controlling the drug in Oregon, had predict yearly tax revenues of about $ 8 million during the initial two years of authorized recreational bud sales.
Where bud sales are now legal, although tax structures change upon the three states, all have earmarked funds for programs that were similar – law enforcement, drug and alcohol counselling, and schools.
In Alaska, where recreational pot was legalized by voters in 2014, regulators anticipate shops to open by the end of the year.
A congressional budget bill passed bars sales of the drug until 2017 or after, although voters in the District of Columbia have legalized recreational bud also.