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Oregon Cannabis Industry Survey Predicts $10 Million Tax Revenue Decrease Due To Changes In Testing Protocol

Oregon Cannabis Industry Survey Predicts $10 Million Tax Revenue Decrease Due To Changes In Testing Protocol

Cannabis industry economist Beau Whitney of Whitney Economics and the Oregon Cannabis Business Council today jointly released the results of a survey conducted this November that predicts a $10 million drop in fourth-quarter state tax revenue, a $187.5 million uptick in black-market sales, and layoffs and dispensary closures statewide due to Oregon Health Authority (OHA)’s new testing rules.

“October was a defining, if not catastrophic, month for Oregon’s cannabis industry, which, until then, was growing at a very fast rate,” Whitney said. “OHA’s new testing rules, which very few existing operations can presently comply with, virtually crippled the supply chain of adult-use and medical cannabis, from grower to retailer.”

Oregon Cannabis Industry Survey Predicts $10 Million Tax Revenue Decrease Due To Changes In Testing Protocol






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