Washington initially predicted a windfall of $36 million in taxes for its debut year of sales
Washington’s first year of legal marijuana sales has generated $70 million in tax revenue, a new report says.
That total follows the Evergreen State’s first stores selling the drug opening in July 2014, according to The Associated Press.
AP said Washington now boasts 160 marijuana stores and sales topping $1.4 million daily.
The state netted $250 million in sales of the plant during its first year of legal transactions. About $65 million of that haul stems from marijuana excise taxes.
The $70 million total in taxes for the state’s first year of sales includes all state and local sales and other taxes, AP reported.
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10 comments:
We are idiots for not doing exactly the same thing.
12:29
Who are the "WE" in your comment?
Did you mean to suggest that the "Maryland State Government" should consider replicating the Washington State model? If so, I believe the Maryland Legislature has spoken on the matter: NO
12:29 - Agree 100%
The federal government is an idiot for not doing it on a larger scale and letting the states take all the money.
As small as d.c. is? Unpopulated like Colorado compared to Maryland? We, I said we 12:40, would be fools not to do so. But then again.... Idiots like 12:40 are running our country.
@12:40 if you can give me ONE good reason why this should not be legalized but cigarettes and alcohol should be, then I will entertain your thoughts.
Better do it in the states because if the feds do it they will want all the tax money.
1:19, it is the state of Washington not Washington D.C.map
12:29 we are idiots for electing and reelecting POSOTUS and chewie!
Sodomy is legal but pot is not. Twisted logic in this state.
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