Legislation allowing financial institutions to provide services to licensed marijuana businesses has been passed by Washington State’s full legislature. Yesterday Washington’s House of Representatives voted 83 to 15 to pass Senate Bill 5928. The vote comes a little over two weeks after the Senate gave approval to the bill in a 38 to 9 vote. The proposal …
There was $142,045,630 in legal marijuana and marijuana products sold in Washington in October, according to data released by the state’s Liquor and Cannabis Board. The $142 million in marijuana sold in October marks a single-month record, besting the previous high of $133.5 million in August. The state garnered nearly $30 million in taxes from …
Legal marijuana sales continue to surge in Washington State. In fiscal year (FY) 2017, which began on July 1st, there has been $1,142,722,905 in legal marijuana sold. This has already surpassed the total for FY 2016 ($972,729,675), even though there is over three months left in FY 2017. The over $1.1 billion in legal marijuana …
A legislative proposal that would repeal marijuana legalization in its entirety has been officially put to rest for the session. The deadline for legislative proposals to make it out of their initial committees and still be considered for the 2017 session has officially passed, meaning House Bill 2096 is officially dead for the year. Also dead …
Cannabis is legal to possess and purchase in Washington State, but growing it for personal use remains a felony. A newly drafted bill would change that. Activists have drafted a proposal that would explicitly allow those 21 and older to grow up to six marijuana plants at a private residence. This is the same cultivation …
A Change.org petition calling on Washington State’s lawmakers to end felonies for personal cannabis possession has received over 1,000 signatures in just a 10-day period. “In Washington the possession of up to 28 grams of cannabis is legal for those 21 and older, due to the passage of Initiative 502 in 2012”, states the petition. …
There was over $130 million in legal cannabis sold in Washington in the month of August, resulting in roughly $25 million in taxes, according to new data released by the state’s Liquor and Cannabis Board. So far for fiscal year 2017, which began on July 1st, there has been nearly $250 million in legal cannabis …
There is over $4.2 million in legal cannabis sold each day in Washington, according to data released by the state’s Liquor and Cannabis Board. This is a $400,000 a day jump from less than a month ago. The $4.2 million in daily cannabis sales nets the state over $750,000 in daily tax revenue. For fiscal …
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 …
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 …
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