March 18, 2016 4:00 a.m.
The Oregon Department of Revenue collected nearly $3.5 million in tax payments between February 1st and March 4th from dispensaries that are selling recreational marijuana in the state.
February was the first month for the dispensaries to turn in the taxes they had collected in the previous month. Dispensaries are responsible for collecting a twenty five percent tax at the point of sale and remitting it to the Department of Revenue each month. Information from the department says they collected 253 tax payments. There were 309 dispensaries selling recreational marijuana in January according to the Oregon Health Authority.
Dispensaries should remember that:
*Taxes collected for February’s sales are due by the end of March.
*Dispensaries need to register for an account before making their first payment.
*Vouchers need to be included with all payments.
*Cash, check, or money order is the only payment options.
*Cash payments are only accepted at the department’s main office in Salem. Appointments are required.
Registration forms, payment vouchers and more information about the marijuana tax program are available at www.oregon/gov/dor/marijuana.