Lot of green: Oregon projected to make $20 million in pot taxes
While some residents in Oregon and Alaska are still buzzing over their recent legalization of marijuana for adults, here comes news that even non-users can appreciate: Their states are going to reap millions in new tax revenues.
At least theyre projected to by San Franciscos ArcView Market Research an analytics firm focused on the cannabis industry. According to a study released Thursday, Oregon will harvest $20 million in pot-tax revenues and Alaska, $10 million.
ArcView based its projections on estimated existing demand from marijuana consumers, new marijuana consumer demand and demand from out-of-state visitors. It defined a states market potential projection on the markets value if 100 percent of all current demand for cannabis went to the legal regulated market.
However, the report predicts that there will be challenges in Oregon, as stores there will enter a highly competitive market with established retail competition from Washington State, existing medical marijuana stores in Oregon and cheap black-market supply from Northern California. That, says ArcView, will create pricing pressure on Oregon pot stores.
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http://blog.sfgate.com/stew/2014/11/13/lot-of-green-oregon-projected-to-make-20-million-in-pot-taxes/