In fiscal year 2017, there was over $1.3 billion in legal marijuana sold in Washington State.
In total there was $1,371,882,585.79 in legal marijuana sold in Washington State in fiscal year 2017, which began on July 1st, 2016, and ended on June 30th, 2017. The state garnered $314,838,969.21 in taxes from these sales. All of this is according to data released by the Washington State Liquor and Cannabis Board (WSLCB).
For fiscal year 2016 there was $786 million worth of legal marijuana sold, resulting in $185 million in taxes. In fiscal year 2015, those in Washington State purchased $259 million in marijuana, garnering the state $64.8 million in taxes.
According to the WSLCB, 508 marijuana retail licenses have been issued throughout the state, along with over 1,110 licenses for marijuana producers and processors.
Since the first licenses issued in 2014, there has been 366,782.11 pounds of marijuana produced in Washington State, equaling over 166 million grams.
About Anthony Martinelli
Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.
Published at Thu, 10 Aug 2017 02:40:26 +0000