In July alone there was 5.3 million pounds of legal cannabis sold in Washington State, according to data released by the Liquor and Cannabis Board. These sales resulted in roughly $20 million in taxes. In addition to the 5.3 million pounds of “usable” cannabis sold, there was 485,000 units of cannabis extracts sold, 285,000 units …
Tag: washington state cannabis sales
$3.8 Million of Legal Cannabis Sold Each Day in Washington State
According to new data released by Washington State’s Liquor and Cannabis Board, there is $3.8 million in legal cannabis sold each day, resulting in approximately $700,000 in daily tax revenue. For fiscal year 2016, which ended on July 1st, there was just shy of $1 billion sold ($972 million). From this, the state garnered $185 …
Washington State Garners $16 Million in Taxes from Legal Cannabis in 2014
With less than 100 stores operating throughout the state, and despite sales not taking starting until July, Washington State garnered over $16 million in excise taxes from over $64 million in cannabis sold in 2014, according to recent figures released by the state’s Liquor Control Board. In total, 99 cannabis retail outlets have been licensed …