Washington: $25 Million in Legal Recreational Cannabis Sold in April, Over $6 Million in Taxes Garnered
In total, there was $24.8 million in legal recreational cannabis sold in April, resulting in $6.2 million in taxes for the state. This is according to recent numbers released by the Washington State Liquor Control Board (soon to be renamed the Washington State Liquor and Cannabis Control Board).
The amount of taxes earned in April on recreational cannabis sales is equivalent to over over a third (37%) of the amount of taxes earned in all of 2014 (again noting that sales didn’t begin until July).
The number of recreational cannabis outlets is expected to increase in coming months as the state prepares for the closure of medical cannabis dispensaries next July, now that Senate Bill 5052 has been passed into law.