In 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.
When it comes to cannabis extracts, there has been over 4 million grams of oil produced during fiscal year 2016, with a large majority of that having already been sold (it’s hard to determine exactly how much has been sold, as the data released by the Board shows produced extracts in grams, but sold extracts in “units”). If you determine that the average dab is around 0.10 grams, this comes out to oughly 40 million dabs (though take note that the extract produced is also used for things like tinctures, and not strictly smokable oil).
More data on legal cannabis sales in Washington State can be found by clicking here.