Marijuana Tax Brings in $45M for Washington as Nine More States Consider Legalization
With nine states voting on different forms of marijuana legalization on Election Day, the red and blue map U.S. residents are used to watching on election nights should have a little green on it.
Alaska, Colorado, Oregon and Washington have passed recreational marijuana laws in the last four years. California, Massachusetts, Maine, Arizona and Nevada have legalization initiatives on the ballot in November. Florida, Arkansas, Montana and North Dakota also have forms of medical marijuana legalization on the ballot next month.
The Puget Sound Business Journal looked back at Washington's recreational marijuana industry since the passage of Initiative 502 in November 2012 and the opening of the first retail store – Cannabis City – in July 2014.
To date, the Washington State Liquor and Cannabis Board has issued 896 producer/processor licenses and 447 retail licenses.
Since July 2014, Washington's marijuana retail sales have totaled almost $180 million. That means...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin