PORTLAND, Oregon – Tax revenue from legalized marijuana in Oregon has blown away initial two-year forecasts in just the first seven months of sales. The Oregon Liquor Control Commission had originally projected that the state would garner $18.4 million in tax revenue in 2016 and 2017 combined. Portland’s KGW reports that Oregon reaped over $25 million from January through July of this year, according to the State Department of Revenue. Oregon taxes recreational cannabis at 25 percent in early sales from medical marijuana dispensaries. When recreational stores go live later this year, a state tax of 17 percent along with local taxes as much as 3 percent will go into effect.
LAS VEGAS, Nevada – Mixed martial artist Nate Diaz may be in trouble for using a cannabidiol vape pen at a press conference after he lost in his rematch with Conor MacGregor in UFC 202. UFC rules forbid marijuana use six hours before or after a match and Diaz complied with the mandatory post-fight urine screening. Diaz’s admission could lead to sanctions from the Nevada State Athletic Commission and the UFC. Nate’s brother Nick, also a world-class mixed martial artist, is currently serving an 18-month suspension for multiple positive screenings for marijuana metabolites. Both Diaz brothers have been outspoken proponents of medical marijuana use in sports.
MEMPHIS, Tennessee – Memphis is joining Nashville in pursuing a municipal marijuana decriminalization ordinance. The Memphis City Council passed the first reading of the measure that would treat possession of a half-ounce or less of marijuana as a civil infraction with a $50 ticket or community service. Last week, Nashville’s Metro Council passed a first reading of a similar ordinance. Both cities will reconsider their ordinances in at least two more votes before they become law. Current state law in Tennessee treats possession of less than an ounce as a misdemeanor with a potential year in jail and $2,500 fine.