pot taxes

Torben Hansen / Flickr

In a manner of speaking, millions of dollars of "drug money" has started to flow into Washington state coffers. The state's chief economic forecaster updated budget writers Thursday on how much tax money they can expect from recreational marijuana now that the first state licensed stores opened in July.

Mark / Flickr

Oregon’s legalized marijuana campaign says pot would generate about $39 million in tax revenue in its first year. Legislative revenue experts disagree. They say the money would be well below that at just over $9 million. The question is going before voters this fall.

Pot Tax Revenue Estimates Likely Hazy

Feb 24, 2014
Scott Beale / Flickr

Within the next year marijuana taxes will start arriving in Washington state coffers. But how much money can the state realistically expect to take in from legal, recreational pot sales? Washington’s revenue forecaster recently unveiled his first estimate, but the numbers may be a bit hazy.

When legal recreational marijuana sales begin later this year in Washington, it’s likely the majority of sales of pot will still be through the black market.

Pot Taxes Paid In Cash? Washington Says OK

Sep 9, 2013

Marijuana-based businesses in Washington will be able to pay their taxes in cash. That’s the word from the state’s Department of Revenue. The agency is gearing up for more cash filers in its field offices.