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 …

Continue reading

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 …

Continue reading

Washington State Liquor Control Board Issues Official Recommendations for Medical Cannabis Regulations

Today the Washington State Liquor Control Board (WSLCB) released its official recommendations on regulating medical cannabis in the state. Tasked with regulating the upcoming recreational cannabis market brought forth by passage of Initiative 502 last year, the WSLCB was directed through a provision in the state’s budget to work with the state’s Department of Revenue …

Continue reading