New Pot Sales Figures Show Staggering Growth Continues

Washington's legal cannabis market is growing steadily

WASHINGTON: Looking at Washington’s most recent recreational marijuana sales data, it’s easy to see how the young industry could become a multibillion moneymaker for the country if legalization continues to spread.

Last fiscal year, Washington’s budding legal pot market made more than $259.7 million in sales, while raising some $64.9 million in tax revenue for the state. But the past month and a half of sales have put those numbers to shame.

Average daily sales are up to about $1.95 million statewide for August, according to data released by the Washington State Liquor and Cannabis Board this week. That’s an increase of more than $100,000 from the same measure in July, which was the highest average daily sales figure we’d seen at the time.

The Evergreen State is on pace to sell more than $60 million worth of cannabis this month alone. And that’ll be a first.

Read full article @ Cannabis Chronicles

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>