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.