The state had to wait on distributing the tax revenue until after it paid off its debts associated with implementing the law. The Oregon Liquor Control Commission took out a $13 million loan to cover the costs of legalizing marijuana in the state. Now that those debts are paid, the state can give out $85 million to various programs thanks to marijuana sales.
According to KSDK in Oregon, here is how the $85 million will be allocated:
- $34 million will benefit the state school fund.
- $17 million will go to the mental health, alcoholism and drug services account.
- $17 million to Oregon cities and counties.
- $12 million will go to Oregon State Police.
- $4 million will go to Oregon Health Authority.
And this is just the tip of the iceberg for the state of Oregon. According to reports, marijuana tax revenue is expected to eclipse $2.3 billion by 2020 in the United States. That's a lot of money going to help fund school programs and other important services.
Meanwhile states without marijuana legalization will need to cut programs and raise taxes to keep their budgets afloat. That's good governance!