High taxes doom profits for Washington marijuana dispensaries Washington Marijuana Rules – Chelan County Marijuana Plants Flourish Under Energy-Saving LED Lights Washington Marijuana Outsells Liquor Washington State adopts ‘Not for Kids’ label for edible marijuana products Washington’s recreational marijuana sales pass $1 billion State sets marijuana pesticide levels, lays out procedures for recalls Washington marijuana sales surpass $1B So, something interesting happens to marijuana after it’s legal Pacific asks court to shut down three marijuana dispensaries Police sting of marijuana delivery services ignite dispute in Seattle Illegal Marijuana Seizures Decline Drastically Since Legalization in Washington State Recreational Marijuana in Washington State – A Guide for Visitors Fake organic marijuana is everywhere Washington State launches campaign to prevent youth marijuana use In Spokane County, marijuana outsells wine, milk and bread — but not beer DEA Will Decide Whether To Reschedule Marijuana Marijuana Helps Arthritis Using Medical Marijuana for Fibromyalgia Washington’s marijuana laws should be Uniform Support for marijuana legalization hits all-time high Production of illegal marijuana drops dramatically in Washington State Spokane laboratory finds pesticides in many marijuana products New Study Shows Marijuana’s Effect On Crash Risk Has Been Greatly Exaggerated In Washington, number of crimes up compared to pre-legal pot era Marijuana evolves into legal industry in Washington State Marapharm Ventures Acquires Marijuana Business in Washington State Vancouver Marijuana Opportunities Grow Marijuana store licensing system changing in Washington Washington State Patrol – Keep Our Streets Safe This St. Patrick’s Day! “Don’t Drive Impaired” Minimum Wage and Paid Leave Laws Affect Washington State Cannabis Businesses Washington Marijuana lab suspends operations Puyallup Tribe to test Washington Marijuana Washington State May Allow Out-of-State Marijuana Investors Weed Stores Conduct Recall IRS agent convicted of taking a bribe from Seattle dispensary Washington State Fines Two Marijuana Growers For Using Prohibited Pesticides Yakima, Washington police chief against retail sales of marijuana

Washington’s recreational marijuana sales pass $1 billion

recreational marijuana

recreational marijuana

Well, Washington (and tourists and neighbors from border states), you’ve gone and consumed more than $1 billion worth of recreational marijuana since the legal market began in July 2014.

So far, the great destruction of our society has not occurred … or if it is ongoing, it’s slow and sneaky. What has happened, however, is that more than $250 million has been generated in excise tax to the state.

And, the trend is grow grow grow: The highest total monthly sales figure was $86.7 million and that was in June. So, the growth in our nascent recreational marijuana market continues its month-over-month increase.

  • How far can it go?
  • Can the companies now growing, making products from and selling recreational marijuana stay in business?
  • Will medical marijuana patients purchase from retail stores now that the medical system has been folded into the recreational system?
  • Will the Legislature allow home grows? How about letting Seattle have coffee shop-style places for people to use marijuana indoors and off the streets? What about eliminating the dumb “sharing is a felony” law?
  • Will Washington weed ever be as state- and citizen-supported and bragged about as Washington wines?

If California votes in November to create a recreational market, it will quickly dwarf the combined markets of Washington, Colorado, Oregon and Alaska. Three other states will vote on legalization on Nov. 8: Massachusetts, Maine and Nevada.

When the Feds give it up and decriminalize cannabis, will Washington be in a good position to get our premiere cannabis on the top shelves of marijuana shops around the country?

“There would have to be some fundamental things about the regulations as they are right now that would have to change in order to allow Washington companies to succeed on a national scale. And I think one of the biggest disadvantages that we have, especially compared to Oregon, is the restriction on out of state actual ownership of the licenses. Probably the biggest problem that my clients have is access to capital,” said Andy Aley, a Seattle business attorney with experience advising the cannabis industry, at a recent conference.

“The regulations that we have right now are forcing companies to be very good if they are going to be successful. They are primed to participate in a really competitive industry and be successful. But the state-level restrictions would have to ease up a bit in order to make that happen.”

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright 2016 www.mymarijuananews.com