Report says Oregon marijuana sales would generate $38.7 million in first year

, Posted: Wed, July 23 2014 at 4:02 PM, Updated: Wed, July 23 2014 at 4:16 PM

Report says Oregon marijuana sales would generate $38.7 million in first year

Ore. -- A new report out shows, legalizing marijuana would raise close to $39,000,000 in it's first year of being taxed and regulated for personal use.

The analysis by ECONorthwest reports legal pot could generate nearly $79 billion dollars in the 2017-2019 biennium.

Tax money would support schools, police, drug treatment and mental health. Oregonians are expected to vote on the “control, regulation, and taxation of marijuana and industrial hemp act” November of this year.

The new report did not examine the operational impact of the courts, police or jails.

View the full study here: http://bit.ly/1lx7L90

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