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An Economist Warns That Oregon Could Soon Tax Its Weed Shops Out of Business

Willamette Week
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An Economist Warns That Oregon Could Soon Tax Its Weed Shops Out of Business Biden s corporate tax hike carries major ramifications for Oregon cannabis.
(Henry Cromett)
Updated 5:31 AM
Heidi Fikstad, co-owner of Eugene cannabis dispensary Moss Crossing, is getting double vision from keeping watch for new taxes on her business. Tax hikes loom on the horizon from both Washington, D.C., and Salem.
By the end of the month, Congress could increase the federal corporate income tax rate from 21% to 28%. And the Oregon Legislature could refer to voters a proposal to allow cities and counties to increase the local tax on cannabis products up from 3% to 10%, in addition to the state s 17% cannabis tax. ....

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Pamplin Media Group - Oregon's billion-dollar weed economy faces new challenges

March 30 2021
Sales top $1 billion, but the state s marijuana economy faces federal tax code woes, crime, wildfires and lawmakers eager for revenue
They ve never been higher.
Oregon recreational marijuana sales have climbed to record highs, but some say the industry s woes also have reached an apex. The difficulties range from an unfavorable federal tax code to a dangerous crime wave, wildfires, and cities and counties hungry for a larger slice of the tax pie.
Businesses are still struggling, says Kim Lundin, executive director of the Oregon Cannabis Association. High sales don t transfer to overall industry success.
But the marijuana milestone $1.1 billion in sales in 2020, blowing past the $795 million benchmark set in 2019 has started a battle for cash at the state Capitol regardless. ....

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Beau Whitney

Beau Whitney
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Whitney Economics

Whitney Economics
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Pamplin Media Group - Oregon's billion-dollar weed economy faces new challenges

Pamplin Media Group - Oregon's billion-dollar weed economy faces new challenges
pamplinmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pamplinmedia.com Daily Mail and Mail on Sunday newspapers.

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