The numbers are big, but are they a surprise? Let’s see how re-legalized cannabis sales are going.
Licensed retail facilities in Washington state have sold over $1 billion in marijuana flowers and cannabis-infused products since regulators began first permitting such sales two years ago. Data compiled by the state’s Liquor and Cannabis Board reports that legal sales have now yielded over $275 million in tax revenue.
Last month, state-licensed marijuana sales in Washington totaled $121 million – the highest monthly total yet reported by the Board.
In Colorado, retail sales of cannabis have totaled over $1.1 billion in the past 18 months.
In Oregon, where retail marijuana outlets began operating in January, regulators are estimating that marijuana sales will yield $43 million in new tax revenue by year’s end.
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