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.
More information on Washington’s legal marijuana industry can be found at the WSLCB’s Marijuana Dashboard by clicking here.
Tax money seems low for the percentage of tax levied on cannabis in Washington.