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Financial Implications of Combining Washington’s Medical and Recreational Markets

Submitted by Marijuana News on Wed, 06/03/2015 - 19:24

Almost 11 months into the legalization of marijuana, data is starting to roll in about Washington state’s progress with the new industry and now the laws that put the industry in play are starting to evolve. In addition to the state’s revenue estimate, the revised law includes proposed amendments to both the taxes of the recreational market and the entire structure of the medical marijuana industry.

As of now, there are essentially three marijuana markets in Washington state: the recreational market, the medical market and the illegal black market. While it is difficult to measure the cost and size of the black market due to its very nature, the prices for marijuana have consistently lowered throughout the past year.

The medical market may be going through the biggest changes, as it was a market that, until now, has been both widely successful and widely unregulated. The proposed medical marijuana law...

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