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Home 🌿 Marijuana Business News 🌿 Washington pot sales surpass $200M in one quarter 🌿

Washington pot sales surpass $200M in one quarter

Submitted by Marijuana News on Mon, 11/21/2016 - 10:44

Sales of marijuana products in Washington state have for the first time surpassed $200 million in a quarter.

Other news outlets report that residents and visitors bought more marijuana than ever before in the second quarter of 2016, based on an analysis of purchase and tax records from two state agencies.

In the first quarter of 2016 - January, February, and March - people spent $54.8 million more on spirits than marijuana, which includes the cost of the products and its associated taxes. By the second quarter - April, May, and June - that gap closed to nearly $37 million. Those amounts include taxes levied by the state on those products. Spirits sales do not include wine and beer. Marijuana sales include all cannabis products, but not paraphernalia.

Marijuana sales in the second quarter of 2016 amounted to nearly $212 million. Spirits sales in the same period amounted to almost...

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