Replies to post #28794 on EVIO Inc (EVIO)

[HankyFrank]

You're right.... my math is wrong. I omitted medical marijuana and used the wrong tax rate in my math.

Dept of Revenue says $4,509,162 collected in state sales tax in Feb. https://www.oregon.gov/DOR/programs/gov-research/Pages/research-marijuana.aspx There is no sales tax on medical.

With the tax revenue number, we can then calculate non-medical sales, since there is a 17% sales tax.

4,509,162/x = 17/100

x = 26,524,482 = total recreational Feb sales

x/28 days in Feb = $947,302 sales per day

= $6,631,120 sales per week for non-medical marijuana in February