Tag: washington state

WA Legislature Approves Measure Allowing Financial Institutions to Work With Marijuana Industry

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 …

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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 …

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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, …

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DEA Gives Washington State Approval to Import Hemp Seeds

The Washington State Department of Agriculture (WSDA) has received approval from the Drug Enforcement Administration (DEA) to import hemp seeds. “It’s a real, real possibility we’ll have a spring planting of hemp,” says WSDA’s hemp coordinator Emily Feblesy According to Feblesy the WSDA has proposed rules for hemp cultivation and hopes to issue licenses to …

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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. …

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WA: Over 1,000 Signatures on Petition to End Felonies for Personal Cannabis Possession

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. …

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Over $130 Million in Legal Cannabis Sold in Washington State in August

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 …

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Washington Has Harsher Felony Cannabis Possession Laws than 32 Other States

Washington is one of four states where the possession of up to an ounce of cannabis is legal for those 21 and older, including its distribution through licensed retail outlets. With that in mind, you might be surprised to know that in regards to felony cannabis possession laws, Washington’s are harsher than 32 states, including …

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Average Daily Cannabis Sales Jumps to $4.2 Million in Washington State

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 …

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