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176 Oregon cannabis businesses owe Oregon $15.7M in overdue taxes
KVAL ^ | 06/09/2019 | Reed Andrews

Posted on 06/05/2019 9:28:02 AM PDT by aimhigh

Cannabis businesses owe millions in overdue taxes to the Oregon Department of Revenue. The latest numbers show 176 businesses owe a total of $15.7 million. . . .

The Oregon Department of Revenue says the top 10 businesses with outstanding balances owe more than $600,000 each.The problem is getting worse. Since July the total owed to the state has gone up by $3 million. The Oregon Liquor Control Commission says it does not have the ability to immediately pull licenses like its counterparts in Washington and Colorado. That's because the tax money is collected by the Department of Revenue and not the OLCC.

(Excerpt) Read more at kval.com ...


TOPICS: Business/Economy; Culture/Society; Government; US: Oregon
KEYWORDS: cannabis; deadbeats; drugs; dude; marijuana; oregon; potheads; taxes
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This would be big news for any other industry.
1 posted on 06/05/2019 9:28:02 AM PDT by aimhigh
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To: aimhigh

“Daves not here!..”


2 posted on 06/05/2019 9:30:47 AM PDT by DanielRedfoot (Liberalism is a mental disorder, and is revealed through abject stupidity)
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To: aimhigh

Problem is that they may be dealing with people that have not run a successful business before.

It kinda reminds me of that movie, “Middle Men”.

But this could be a case of “you can’t get blood out of a turnip”. The state may have no recourse but to shut down the businesses and ruin some people’s lives to prevent it from becoming ongoing.


3 posted on 06/05/2019 9:31:05 AM PDT by cuban leaf
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To: aimhigh

The stoner somehow forgot...


4 posted on 06/05/2019 9:31:56 AM PDT by gathersnomoss (Welcome to North Mexico, Gringo's it...)
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To: aimhigh

Uh, the check is in the mail.....HAHAHAHAHAHA....


5 posted on 06/05/2019 9:32:10 AM PDT by EagleUSA
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To: aimhigh

Oh yea man...the taxes

6 posted on 06/05/2019 9:32:18 AM PDT by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: cuban leaf

Chill out. Their buzz is being harshed, man.


7 posted on 06/05/2019 9:32:19 AM PDT by The Antiyuppie (‘When small men cast long shadows, then it is very late in the day.’)
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To: Salvation

Needs Oregon ping.


8 posted on 06/05/2019 9:32:34 AM PDT by aimhigh (THIS is His commandment . . . . 1 John 3:23)
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To: aimhigh

Yeah, Oregon state lawmakers, how is that revenue flow to the state coffers working out for you?

Dealing in any habituating drug, legal or not, invites in the criminal element, and if there is a matter of money to be made by taking a few shortcuts, the termites will flock to the feast.


9 posted on 06/05/2019 9:34:04 AM PDT by alloysteel (The difference between real life and fiction? Fiction has to make sense and follow some logic.)
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To: aimhigh

WAY back in the day, when Speakerlab went from a small startup to a huge business, I was a hi-fi salesman. One of my buddies worked at their U district store on Roosevelt (Seattle) and he said that once one of the owners’ wife came in, with white powder smears around her nose, opened the cash register, and just grabbed a wad of cash and headed out.

When you go from being broke kids to suddenly having a lot of money, well, you might become Keith Moon. ;)


10 posted on 06/05/2019 9:34:08 AM PDT by cuban leaf
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To: ImJustAnotherOkie

The money went up in smoke, mam. Just chill.


11 posted on 06/05/2019 9:34:18 AM PDT by The Antiyuppie (‘When small men cast long shadows, then it is very late in the day.’)
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To: aimhigh

12 posted on 06/05/2019 9:34:23 AM PDT by TADSLOS (You know why you can enjoy a day at the Zoo? Because walls work.)
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To: aimhigh

Ore-gone.

I thought though that cannabis would be a booming business?

If so, then what happened to liberals love of sharing money with others?


13 posted on 06/05/2019 9:35:59 AM PDT by Its All Over Except ...
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To: ImJustAnotherOkie
BOL!!!

Oh yea man...the taxes!

14 posted on 06/05/2019 9:37:07 AM PDT by Grampa Dave ( Frau Mueller? "What do the Clintons, Obama and their Spygate CIA/FBI/DOJ thugs have on you???????")
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To: DanielRedfoot

They were going to pay the tax but they forgot...

Because I Got High
https://www.youtube.com/watch?v=Xxz2m7BFBrU


15 posted on 06/05/2019 9:37:18 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: aimhigh

“Damn, that was the cops. They said face the wall and put our hands up. They’ll be here in 15 minutes..”


16 posted on 06/05/2019 9:37:52 AM PDT by smvoice (I WILL NOT WEAR THE RIBBONndering)
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To: aimhigh

Hahahahahahahahahahahahahahaha!


17 posted on 06/05/2019 9:38:09 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Grampa Dave

Bong Out Loud?


18 posted on 06/05/2019 9:38:17 AM PDT by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: aimhigh
Two thirds of the people who put money into these legal pot businesses have probably been selling pot for a decade or more and have never paid a cent of tax on the money.

I don't understand why the State ever expected to collect most of the taxes without an abnormal amount of oversight and effort.

Many of those places started day one planning to bust out the legal sales outlet when the taxman came after them and on the shelf have a plan for opening another one under other names.

JMHo

19 posted on 06/05/2019 9:38:38 AM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
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To: aimhigh
Once again, POLITICIANS in their head-long zeal to buy votes and get their greedy hands on other people's money, just didn't think it through.

My word but I despise politicians.

20 posted on 06/05/2019 9:39:04 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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