MJ Research Report: Washington State Rakes In Over $10M In Single Month From Pot Tax

Washington’s hefty 25% excise tax, which is applied to each stage of the supply chain (producers, processors and retailers), has alone resulted in accrued tax obligations of nearly $10.4M due to the state from May.

By Joe Armes WASHINGTON: The legal cannabis industry has been rapidly growing in Washington State since the implementation of recreational sales under I502, and along with them so too have the tax revenues due to the state. Washington’s hefty 25% excise tax, which is applied to each stage of the supply chain (, processors and retailers), has alone resulted Read the full article…