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Money Is Growing On Trees In Washington: Cannabis Revenues Exceed Expectations Year Over Year

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Submitted by Marijuana News on Wed, 06/29/2016 - 08:45

Nearly two years have passed under the watchful eye of the Washington State Liquor and Cannabis Board (WSLCB) and Washingtonians are enjoying their cannabis more than ever before.

Here are a few figures from our loving overlords at the WSLCB (As of April 4th):

  • Heading into the 2016 fiscal year, Washington has generated over $660.5 million in sales and over $126.6 million in taxes from cannabis.
  • Daily sales have exceeded $2 million since August 2015, which roughly translates to a minimum of $13 million in taxes each month. These taxes have not only gone toward keeping cannabis out of the hands of youth via enforcement and education, but also to advocate a dialogue of transparency as cannabis transitions from the black market to the medical and recreational markets. Many of these taxes will go to statewide healthcare and other budgets, as well as research on the short-term and long-term effects of
    • ...
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