In an effort to ensure fairness and boost tax compliance within Oregon's cannabis industry, Gov. Tina Kotek announced a game-changing move.
Beginning immediately, businesses that have neglected their tax obligations will be prohibited from obtaining or renewing licenses to sell marijuana. “This will help ensure that all businesses are operating under the same rules and not getting any competitive advantage if they haven’t paid their taxes,” Kotek said.
A Closer Look At The Gov.'s Decision
With an estimated $18.7 million in retail tax revenue unaccounted for in the previous fiscal year, the state's Department of Revenue is counting on this measure to rectify the situation and replenish their coffers.
Under the new requirements, cannabis retailers must provide proof of tax payment by obtaining a certificate of compliance from …