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Oregon Expecting Far Less Marijuana Tax Revenue Than Washington or Colorado

The latest marijuana sales forecast is in, and one thing is apparent: Oregon’s move to legalize the drug won’t exactly provide a flood of tax revenue.

The Oregon Liquor Control Commission, the agency that will oversee implementation of the state’s Measure 91 recreational cannabis law passed by voters in 2014, anticipates $18.4 million in tax revenue for the two-year period beginning in July.

That’s a far cry from the $78.7 million projected by research firm ECONorthwest in a study conducted last July. But the discrepancy requires some explanation:

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