WA: Over 5.3 Million Pounds of Legal Cannabis Sold in July

Legal CannabisIn 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 of edibles sold, 70,000 units of liquid edibles sold, and 14,000 units of topical cannabis (lotions and ointments) sold.

Recently we reported that there is $3.8 million of cannabis sold legally in the state each day, garnering over 700,000 in daily taxes.

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Possessing Over 40 Grams of Cannabis, or Sharing Any Amount, is a Felony in Washington State

cannabisjarmotherjonesIt’s been over three and a half years since voters in Washington State gave approval to Initiative 502, legalizing the possession of up to an ounce of cannabis for those 21 and older. Thousands of arrest have been prevented since the law took effect, and millions in dollars of taxes have been garnered for the state. With this in mind, it can be hard to believe – and is incredibly eyeopening to see –  some of the laws currently on the books in the state regarding cannabis.

For example, possessing up to 28 grams of cannabis is legal if you’re 21 or older, as established above. However, if you possess 41 grams – less than an ounce and a half – you’re committing a class C felony; this is also true of sharing any amount, including passing a joint or pipe to another person who’s 21 or older. If you’re caught, and prosecuted, you could be imprisoned for up to five years.

Read morePossessing Over 40 Grams of Cannabis, or Sharing Any Amount, is a Felony in Washington State

$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,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 million in taxes.

So far for the month of July, there has been $96 million sold, resulting in $18 million in taxes for the state; this is based on 12,000 pounds of sold cannabis, and 858,000 units of infused cannabis products (either edibles, topicals or oils).

Read more$3.8 Million of Legal Cannabis Sold Each Day in Washington State

Washington Legislature Overrides Governor’s Veto of Hemp Bill

field-of-hemp-2Recently we reported that Washington State Governor Jay Inslee vetoed a bill to legalize industrial hemp for research purposes – in addition to 26 other bills – due to the legislature failing to pass an unrelated budget bill. Now, the legislature has overriden the governor’s veto, enacting the bill into law.

Senate Bill 6206 was given unanimous approval by the state’s House of Representatives, with a 97 to 0 vote. The vote was also overwhelming, though not quite unanimous, in the Senate, with the vote 48 to 1. A two-thirds vote is required to override a governor veto, a number the legislature easily reached.

Read moreWashington Legislature Overrides Governor’s Veto of Hemp Bill

WA Governor Vetoes Hemp Legalization Bill to Punish Legislators for Something Unrelated

Washington Governor Jay Inslee.
Washington Governor Jay Inslee.

In a perfect example of how to improperly run a state, Washington Governor Jay Inslee has vetoed 27 bills – over 70% of all legislation passed by the state’s legislature this session – to punish lawmakers for something unrelated; not passing a budget bill.

One of the measures vetoed by Inslee – Senate Bill 6206 – would have legalized the cultivation of hemp for research purposes, including directing Washington State University to study the plant. The measure was passed unanimously in the House of Representatives, and 48 to 1 in the Senate. Although the governor calls it a “worthy bill”, he vetoed it and says he can’t support it until “a budget agreement is reached”.

Read moreWA Governor Vetoes Hemp Legalization Bill to Punish Legislators for Something Unrelated

Hemp Legalization Bill Unanimously Passed by Washington House, Sent to Governor Inslee

hempsprout
A sprouting hemp plant.

Washington State’s House of Representatives has voted unanimously, 97 to 0, to pass Senate Bill 6206, a bill authorizing the state Department of Agriculture to license farmers interested in cultivated hemp for research purposes. Given that the measure has already passed the Senate 48 to 1, it will now go to Governor Jay Inslee for consideration.

“Sending this bill to the governor’s desk now is a very important move for Washington industry,” said House Commerce and Gaming Committee Chairman Chris Hurst (D-Enumclaw). “We have other states that are really pressing forward quickly to get ahead of Washington, and that’s to our detriment, to our state, our farmers.”

Read moreHemp Legalization Bill Unanimously Passed by Washington House, Sent to Governor Inslee

WA: Enough Cannabis Sold in Past 7 Months to Fill 45 Million Joints, Enough Oil for 40 Million Dabs

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joint1In Washington State, cannabis is big business. Despite the state having a system that puts arbitrarily low caps on the number of cannabis businesses allowed, we recently reported that there is $2.3 million in legal recreational cannabis sold each day, according to the Liquor and Cannabis Control Board. Further data from the Board, however, paints a clearer picture of just how much cannabis is being purchased in the state.

According to the Board, there has been 50,232 pounds of usable cannabis sold during fiscal year 2016, which began on June 30, 2015. This comes out to roughly 22.5 million grams. If you determine that the average joint weights around half a gram (not a particularly large joint), this comes out to around 45 million joints worth of legal cannabis sold in less than 7 months.

Read moreWA: Enough Cannabis Sold in Past 7 Months to Fill 45 Million Joints, Enough Oil for 40 Million Dabs

Over $2.3 Million in Legal Recreational Cannabis Sold Each Day in Washington State

flower-power-2There is over $2.3 million in legal recreational cannabis sold each day in Washington State, according to new data released by the state’s Liquor and Cannabis Control Board.

In total, there has been $446 million in legal cannabis sold in fiscal year 2016 (which began on July 1, 2015), resulting in roughly $85 million in taxes for the state. In this fiscal year, there has been over 48,000 pounds of usable cannabis sold, in addition to over 3 million grams of extracts sold, and over 1.1 million cannabis edibles sold.

Read moreOver $2.3 Million in Legal Recreational Cannabis Sold Each Day in Washington State

Reminder: Possessing an Ounce and a Half of Cannabis in Washington is a Felony

cannabis in washingtonIn Washington State the possession of up to an ounce of cannabis is legal for those 21 and older, due to the passage of Initiative 502 by voters in 2012. The initiative also legalized cannabis retail outlets, with hundreds opened throughout the state. With this in mind, many people don’t realize that possessing just 50% over the legal amount is a felony, punishable by up to 5 years in prison.

Based on RCW (Revised Code of Washington) 69.50, possessing anything over 40 grams is a class C felony, punishable by up to 5 years in prison, and a fine of up to $10,000; the same penalty applies to cultivating any amount of cannabis, or sharing any amount including passing a joint or pipe). If you possess even a pinch over an ounce, but no more than 40 grams, it’s a misdemeanor punishable by up to 90 days in jail and an $1,000 fine.

Read moreReminder: Possessing an Ounce and a Half of Cannabis in Washington is a Felony

New Study Shows Which Washington Counties Purchase the Most Cannabis Per Capita

A gram of legal recreational cannabis being sold in Washington.A new study conducted by the Washington State Institute for Public Policy has found that Klickitat County has the highest rate of per capita recreational cannabis sales, averaging $65.80 of cannabis sold for every one person since legal sales began in July, 2014.

According to the study, Clark County was second with $56.93 sold per capita, with Jefferson County coming in at third with $51.23 sold per capita.

King County, the state’s most populated county, had less than 40% of the per capita sales of Klickitat County, averaging $24.39.

Read moreNew Study Shows Which Washington Counties Purchase the Most Cannabis Per Capita