Oregon, cities differ on marijuana tax level (Market Watch)
By ZUSHA ELINSON | October 25, 2014
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.