Washington’s Liquor and Cannabis Board’s Slow Data Reporting Leaves Status of State’s Marijuana Market Unknown

Reporting on Washington State’s legal marijuana market is slow-going, with data released by the Liquor and Cannabis Board being months behind other states.

Washington’s Liquor and Cannabis Board, which oversees the state’s legal marijuana industry, operates a neat and fairly comprehensive Marijuana Dashboard which has detailed statistical information regarding marijuana sales, licensing and production. The problem is that the Board seems be incredibly slow at collecting data, and/or reporting it.

The latest monthly sales data for Washington’s marijuana industry was released by the Board roughly two months ago. This was data for October, 2017. This means that data for November, 2017 and onward is unreported and completely unknown by anyone outside of the Board (or maybe it’s even unknown to them). By contrast, in Oregon and Colorado, states which have their Department of Revenues overseeing their marijuana markets, sales and tax data is reported through February of this year. This means that they’re four months ahead of Washington’s available data, and just one month behind current time (this makes March the only finished month where data isn’t yet available, though it will be soon).

Read moreWashington’s Liquor and Cannabis Board’s Slow Data Reporting Leaves Status of State’s Marijuana Market Unknown

WA: Legal Marijuana Sales Surpass $1.1 Billion in First 9-Months of 2017

Legal marijuana sales continue to thrive in Washington State, with sales for 2017 already matching sales for all of 2016.

In total there was $1,101,853,539 in legal marijuana sold in Washington from January 1st of this year, through the end of September, according to the state’s Liquor and Cannabis Board. This already matches the $1.1 billion sold in all of 2016. The $1.1 billion sold this year has resulted in roughly $242 million in taxes for the state. By comparison, Colorado has sold $1,118,207,832 in legal marijuana through the same period, indicating that both markets are roughly the same size.

Since the beginning of legal marijuana sales in Washington (July 1st, 2014), there has been over $2.7 billion in marijuana and marijuana products sold throughout the state. From these sales the state has garnered roughly $650 million in taxes.

Read moreWA: Legal Marijuana Sales Surpass $1.1 Billion in First 9-Months of 2017

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

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, 490 retail licenses and 974 producer/processor licenses have been distributed throughout the state.

So far in fiscal year (FY) 2017, which began on July 1st, there has been $1,181,675,336 in legal marijuana sold, resulting in $220,980,590 in taxes. This has already topped the total sales ($972,729,675) and taxes ($185,786,493) for FY 2016.

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

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

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.

In 2016 there was a over $1.4 billion in legal cannabis sold in Washington State, which resulted in over $250 million. This total was slightly higher than the $1.3 billion worth of legal cannabis sold in Colorado in 2016, which garnered the state almost $200 million in taxes.

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

Over $1.4 Billion in Legal Marijuana Sold in Washington State in 2016

There was over $1.4 billion in legal marijuana sold in Washington State in 2016; this is according to data released by the Liquor and Cannabis Board.

legal marijuanaIn total there was approximately $1.41 billion in legal marijuana sold between January 1st and December 31st of last year. This resulted in over $260 million in taxes for the state. These numbers are based off of the sale of roughly 155,000 pounds of cannabis.

According to the Liquor and Cannabis Board, 467 cannabis retail outlets have been licensed; 917 licenses have been issues for cannabis producers and processors.

For fiscal year 2017, which began on July 1st, 2016, there has been $697,758,162 in legal cannabis sold, resulting in $130,066,915 in taxes for the state. This is based on the sale of 88,174 pounds of cannabis, and over 6 million units of cannabis extracts; this includes edibles, topicals and oils.

Read moreOver $1.4 Billion in Legal Marijuana Sold in Washington State in 2016

Report: Cannabis Stores in Washington State Less Likely to Sell to Minors than Stores Selling Liquor or Tobacco

MinorsAccording to a new report by Washington State’s Liquor and Cannabis Board, minors have an easier time purchasing liquor and tobacco from retail outlets than they do buying cannabis.

According to Justin Nordhorn, the Liquor and Cannabis Board’s enforcement officer, 90% of the time licensed cannabis retail outlets were found to pass a test designed to see if they will sell to someone under the legal age to buy cannabis (21). These results are considerably better than liquor stores, which pass underage sales test around 86% of the time; for tobacco sales that number is even lower.

Read moreReport: Cannabis Stores in Washington State Less Likely to Sell to Minors than Stores Selling Liquor or Tobacco

Over $1.28 Billion in Legal Cannabis Sold in Washington State this Year

There has been nearly $1.3 billion in legal cannabis sold in Washington state so far this year. This is according to new data released by Washington’s Liquor and Cannabis Board.

legal cannabisFrom January 1st of this year, to the end of November, there was $1,285,567,300 worth of legal cannabis sold. With a full month still remaining, total sales for 2016 are likely to pass $1.4 billion.

The over $1.2 billion in cannabis sold in 2016 has resulted in over $240 million in taxes for the state.

Read moreOver $1.28 Billion in Legal Cannabis Sold in Washington State this Year

$139.6 Million in Legal Cannabis Sold in Washington in September, $26 Million in Taxes Garnered

cannabis soldThere was $139,621,291 in legal cannabis sold in Washington State in the month of September. This represents a roughly $10 million increase from sales in August, which at the time set the record for the highest amount of legal cannabis sold in a state in a given month.

The nearly $140 million in legal cannabis sold resulted in $26 million in taxes for the state. This brings the total amount of taxes the state has garnered from legal cannabis sales so far this year to around $250 million. The average daily sales are approximately $4.5 million, resulting in around $800,000 in taxes each day.

Read more$139.6 Million in Legal Cannabis Sold in Washington in September, $26 Million in Taxes Garnered

Average Legal Cannabis Sales at $4.5 Million Daily in Washington State, Record High

Cannabis SalesLegal cannabis sales in Washington State are on the rapid increase as more outlets open their doors and as patients continue to shift away from the hundreds of unlicensed dispensaries that were forced shut in July. For the month of September the average daily cannabis sales have been $4.5 million, according to data from Washington’s Liquor and Cannabis Board. This is a $300,000 per day increase from the last time we reported on daily cannabis sales in the state roughly a month ago; and that was already a $400,000 increase from the month before.

The state garners over $800,000 in taxes every daily from the $4.5 million in legal cannabis sales. Earlier this month we reported that there was more legal cannabis sold in Washington in August than any state in history, roughly $130 million. From this the state garnered around $25 million in taxes.

Read moreAverage Legal Cannabis Sales at $4.5 Million Daily in Washington State, Record High