Washington Marijuana Sales Generate Millions in Tax Revenue

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Dispatches from the Highlands

Marijuana news from contributing authors and staff writers on the latest in marijuana and medical marijuana

December 8, 2016
Denver, CO

Voters in Washington made marijuana legal for adults2000px-Flag_of_Washington.svg in 2012, but they could not purchase marijuana in regulated retail stores  until mid-2014. Since then, the legal industry has been raking in money for the state, in addition to providing jobs and depriving criminals of profits.

Reuters reports:

Washington state took in $65 million in tax revenue from the recreational marijuana market during the first 12 months since it became legal to produce and sell, according to data released by state regulators this week.

The revenue was generated by cannabis sales of more than $260 million from June 2014 to June 2015, according to data released by the Washington State Liquor Control Board, which oversees the distribution of cannabis.

Retailers sold more than 23,000 pounds of marijuana of the 31,000 pounds produced in Washington during the year, state data showed.

This is just more evidence that shows regulation works.

The post Washington Marijuana Sales Generate Millions in Tax Revenue appeared first on MPP Blog.

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