Learn about positive changes in Oregon that will result from Voting Yes on Measure 91.
Several economic studies have been conducted to project tax revenue from yearly marijuana sales. The following chart summarizes the studies, and the graph displays the first-year revenue projections. To learn more about the studies, or read them in their entirety, scroll down to learn more.
The Budgetary Implications of Legalizing Marijuana in Oregon
This report estimates the reduction in government expenditure and the increase in tax revenue that would result from legalizing marijuana in Oregon. Legalization would reduce government expenditure by about $70.84 million annually. Legalization would also generate tax revenue of roughly $37.15 million annually if marijuana were taxed at rates comparable to those on alcohol and tobacco.
Dr. Jeffrey Miron
Senior Lecturer and Director of Undergraduate Studies
Department of Economics Harvard University
Abhi Sivasailam Director of Research
American Victory Coalition
Ankur Chawla
Policy Analyst American Victory Coalition
Oregon Cannabis Tax Revenue Estimate
Economists at ECONorthwest conducted an independent study to estimate the amount of money that would be generated in the short term if the Act passes. The money generated in taxes would go to schools, state and local police, and programs for drug treatment, prevention, drug education, and mental health.
The key findings of this analysis are:
- $38.5 million in excise tax revenue would be generated during the first fiscal year of tax receipts;
- $78.7 million in excise tax revenue would be generated during the first full biennium of tax receipts.
ECONorthwest
Beau Whitney Study
Beau Whitney predicts that total FY2017 net revenue forecast of $21.2M (and $46.6M for the biennium) as a baseline and $9.1M (and $22.2M) for FY2017 on the low end.
Beau R. Whitney
Whitney Economics, LLC
The Budgetary Implications of Legalizing Marijuana in Oregon
The initiative, if approved by voters, would legalize and regulate the possession and cultivation of marijuana by adults, and tax the sales of marijuana and related products. We estimate that Initiative Petition 53 will produce up to $81,694,920 in annual tax receipts for the state of Oregon. We also estimate that Initiative Petition 53 could save state and local budgets up to $89,315,347 in annual expenditures, though this estimate is subject to considerable data limitations and should be interpreted carefully.
Abhinav Sivasailam
Director of Research, American Victory Coalition
Ankur Chawla
Researcher, American Victory Coalition