First Month Of Pot Sales Garnered Washington $1 Million In Taxes

WASHINGTON:  Despite supply shortages and slower-than-expected retail expansion, Washington’s fledgling marijuana market generated more than $1 million in sales and excise taxes in its first month.

That’s less than half what Colorado took in during its first month of legalized recreational sales, but Washington officials say collections are expected to continue growing as more licensed facilities become operational. The number of retail shops open for at least part of each week, for example, has grown from six on opening day last month to about 20 statewide now, while the number of producers and processors has topped 155 with about 1.5 million square feet of production.

“As each day goes by, more and more (licensed operations) are coming into the system,” Liquor Control Board spokesman Brian Smith said.

 

Read full article @ Spokesman