Lot of green: Oregon projected to make $20 million in pot taxes

[n2doc]

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 they’re projected to by San Francisco’s 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 state’s market potential projection on “the market’s 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.

more

http://blog.sfgate.com/stew/2014/11/13/lot-of-green-oregon-projected-to-make-20-million-in-pot-taxes/

[shenmue]

1. How dare they?!!!1!1

[Andy823]

2. If Oregon has low prices

It will also push down prices in Washington state. Now Idaho might not be happy. Right now those living close to the Washington border can slip over, if they want to, and buy legal pot. Now when Oregon starts to sell it those in southern Idaho will be able to do the same thing.