Sun , November 27, 2022
SpanishEnglish
Roaring 20s
Home / Cannabis News / WA State Earns $70 Million from Marijuana Taxes in First Year

WA State Earns $70 Million from Marijuana Taxes in First Year

WA Marijuana

Last year Washington became the second state to launch a recreational marijuana market. It had just a few recreational dispensaries that were selling high-priced marijuana to lengthily lines of customers.

A year later, Washington state has about 160 operating recreational dispensaries and tax revenues have soared past expectations.

Washington did around $250 million in marijuana sales in the past year. And about $62 million constitutes marijuana excise taxes. The state’s original forecast was $36 million. And when state and local sales and other taxes are included, the total revenue for the state’s government tops $70 million.

Colorado, the first state to legalize recreational marijuana use, earned nearly $44 million from tax revenue in it’s first year and is predicting it will bring in $94 million during 2016, its third year.



Arizona Cannabis News and Info


AZ Cannabis Updates




Deals

Get cannabis deals in your inbox (for free!)

Enter your email below

You have Successfully Subscribed!

Copy link
Powered by Social Snap