Oregon, cities differ on marijuana tax level (Market Watch)

By ZUSHA ELINSON | October 25, 2014

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As voters in this state prepare to decide whether to legalize recreational marijuana, a dispute over taxing the drug is demonstrating the complexity of transforming a black market into a legal one.

Drafters of the Oregon initiative, Measure 91, have proposed a state tax on pot producers that would be lower than those in the first two states where recreational pot was legalized, Colorado and Washington. Their aim is to prevent a situation where high prices at authorized pot shops push buyers to the black market.

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