CANNABIS NEWS

Washington Recreational Marijuana is generating huge tax revenue

Pot shops have sold over $1 billion worth of non-medicinal marijuana since July 2014, in turn generating more than $250 million for Washington state through excise taxes, the Seattle Post-Intelligencer reported Friday. Passage of Initiative 502 removed prohibitions against producing, processing and selling marijuana products to adults over the age of 21 in Washington state effective July 2014. A website containing statistics concerning the legislation places the amount of recreational pot sold since the law took hold at slightly less than Seattle PI’s figure: $979,937,722. According to both reports, June was the lucrative month for recreational marijuana sales in Washington since passage of

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