Oregon Revises Tax Rules in Favor of Recreational Cannabis
Earlier this year the Oregon Legislature passed House Bill (HB) 2041, effective as of October 5, 2015. HB 2041 created a stir when it replaced an excise tax on recreational cannabis production with a retail sales tax on cannabis sales. Over the years, Oregonians have routinely rejected sales taxes. However, the new sales tax and other provisions in the bill are favorable to the recreational cannabis industry.
For more information, please contact the Taxation Group at Lane Powell: