Washington: Retail Marijuana Sales Total Nearly $4 Million In First Month
Washington state-licensed marijuana retailers sold an estimated $3.8 million in cannabis products in July, the first month during which such sales were allowed under state law. The sales are estimated to have already generated more than $1 million in tax revenue.
To date, the state’s Liquor Control Board has issued marijuana retail licenses to some 40 facilities. However, only 16 of those stores reported sales in the month of July, according to the Associated Press. Under state regulations, the Board may issue a total of 334 licenses to retail facilities statewide.
Voters in both states in 2012 approved ballot measures regulating the commercial production, retail sale, and adult use of cannabis.
August 12, 2014