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: Over $140 Million in Legal Marijuana Sold in October, Setting New Monthly Sales Record

In Washington State there was $142,045,620.27 worth of legal marijuana and marijuana products sold in October, easily breaking the previous monthly record set in August ($133 million).

The over $140 million in legal cannabis sold in October resulted in nearly $30 million in taxes for the state. So far for fiscal year (FY) 2018, which began on July 1st of this year, there has been $534 million in marijuana sold, resulting in over $120 million in taxes. For FY 2017, which began on July 1st, 2016, and ended on June 30th, 2017, there was $1,371,882,585.79 in legal marijuana sold in Washington State in fiscal year 2017; the state garnered $314,838,969.21 in taxes from these sales.

This data was obtained by the Washington State Liquor and Cannabis Board (WSLCB). According to the WSLCB, 1,896 licenses have been issued throughout the state for marijuana producers, processors and retail outlets.

Read moreWA: Over $140 Million in Legal Marijuana Sold in October, Setting New Monthly Sales Record

Over $1.3 Billion in Legal Marijuana Sold in Washington in FY 2017

In fiscal year 2017, there was over $1.3 billion in legal marijuana sold in Washington State.

In total there was $1,371,882,585.79 in legal marijuana sold in Washington State in fiscal year 2017, which began on July 1st, 2016, and ended on June 30th, 2017. The state garnered $314,838,969.21 in taxes from these sales. All of this is according to data released by the Washington State Liquor and Cannabis Board (WSLCB).

For fiscal year 2016 there was $786 million worth of legal marijuana sold, resulting in $185 million in taxes. In fiscal year 2015, those in Washington State purchased $259 million in marijuana, garnering the state $64.8 million in taxes.

Read moreOver $1.3 Billion in Legal Marijuana Sold in Washington in FY 2017

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

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 from $1.32 billion in legal marijuana sales (all of this is as of June 20, meaning the total numbers for FY 2017 will end up slightly higher).

By comparison, there was $786 million in total marijuana sales, resulting in $185 million in taxes, in FY 2016. In FY 2015, the first fiscal year with legal cannabis sales, $64.8 million in taxes was garnered from $259 million in sales.

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

Alaska Officials Vote to Allow On-Site Cannabis Consumption at Retail Outlets

By Associated Press

alaskaThe board tasked with writing rules for Alaska’s recreational marijuana industry voted Friday to allow for people to use pot at certain stores that will sell it, a first among the four states that have legalized the drug.

The 3-2 vote by the Marijuana Control Board also changed the definition of the term “in public” to allow for consumption at some pot shops, none of which are open yet. Colorado, Washington and Oregon have legalized recreational marijuana but ban its public use, including in pot stores.

“This would put, I think, Alaska in the forefront on this issue,” said Chris Lindsey, a legislative analyst with the Marijuana Policy Project.

Read moreAlaska Officials Vote to Allow On-Site Cannabis Consumption at Retail Outlets