Tag Archive: cannabis taxes

Washington State Garners Over $300 Million in Taxes from Marijuana Sales in FY 2017

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July 5, 2017

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Washington has garnered over $300 million in taxes from legal marijuana sales in fiscal year 2017. This is according to data from the Washington State Liquor and Cannabis Board (WSLCB). In total the state has earned $304,968,332 in fiscal year 2017, which began on July 1, 2016 and ended on June 30. These taxes come …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Washington State Garnering Nearly $1 Million in Daily Taxes from Legal Marijuana Sales

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March 26, 2017

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Washington State’s legal marijuana market continues to grow, with daily marijuana sales surpassing $4.8 million. The daily average of $4.82 million in legal marijuana sales – a new high – garners the state roughly $910,000 in daily taxes. This is according to data collected by the state’s Liquor and Cannabis Board. According to the board, …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Daily Marijuana Sales Reach $4.6 Million in Washington State, New High

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March 6, 2017

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There is now over $4.6 million in legal marijuana sold each day in Washington State. The daily average of $4,611,558 worth of marijuana sold results in over $800,000 in daily tax revenue for the state. This comes out to a monthly average of $138 million in marijuana sold, and over $25 million in taxes garnered. …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Oregon has Garnered Over $54 Million in Cannabis Taxes in 2016

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December 14, 2016

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In its first year of legal cannabis sales, Oregon has so far garnered over $54 million in taxes. In total the state has garnered $54,506,832 in taxes from cannabis sales as of November 30th; this is according to data released by the state’s Department of Revenue.. Although this number is impressive, it’s expected to be …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Oregon: Over $25 million in Taxes Earned in First Six Months of Legal Cannabis Sales

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August 22, 2016

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marijuana retail outlets

In the first six months of legal recreational cannabis sales in Oregon, the state has already garnered $25.5 million in taxes, putting the state on track for over $50 million for the first year. The numbers are based on data released by the Oregon Department of Revenue. Currently only medical cannabis dispensaries are selling recreational …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Report: If West Virginia Legalized Cannabis, State Would Get Tens of Millions in Annual Taxes

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August 18, 2016

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A new report conducted by the nonprofit West Virginia Center on Budget and Policy has found that West Virginia would get tens of millions of dollars in new taxes each year if they were to legalize cannabis for recreational purposes. According to the report, if cannabis were legalized with a tax of 25% of its …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Colorado: Over a Quarter Billion Dollars in Legal Cannabis Sold in First 3 Months of 2016

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May 12, 2016

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There was over $270 million in legal cannabis sold in Colorado in the first three months of the year, according to the state’s Department of Revenue. At this rate, there will be roughly $1.1 billion sold throughout 2016, an $100 million increase from 2015, and a $400 million increase from 2014. In March, the most …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Oregon: $3.5 Million in Taxes Garnered During First Month of Taxed Cannabis Sales

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March 18, 2016

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marijuana retail outlets

February was the first month for Oregon cannabis dispensaries to remit the taxes they collected on their previous month’s recreational cannabis sales. In total, the state garnered nearly $3.5 million in taxes. “Between February 1 and March 4, we posted 253 estimated marijuana tax payments to our system, totaling $3.48 million”, the Oregon Department of …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Over $2.3 Million in Legal Recreational Cannabis Sold Each Day in Washington State

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January 15, 2016

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There is over $2.3 million in legal recreational cannabis sold each day in Washington State, according to new data released by the state’s Liquor and Cannabis Control Board. In total, there has been $446 million in legal cannabis sold in fiscal year 2016 (which began on July 1, 2015), resulting in roughly $85 million in …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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Colorado: Nearly $900 Million in Legal Cannabis Sold in First 11 Months of 2015

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January 14, 2016

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Legal cannabis has become a huge market in Colorado, with nearly $900 million purchased between January and November of last year, according to the state’s Department of Revenue; final year-end sales data won’t be released until mid-February. In total, there was $894,865,100 worth of legal cannabis purchased in Colorado in the first 11 months of …

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About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

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