Jul 14, 2015
Reuters, revenue, taxes, Washington
Voters in Washington made marijuana legal for adults
Reuters reports:
Washington state took in $65 million in tax revenue from the recreational marijuana market during the first 12 months since it became legal to produce and sell, according to data released by state regulators this week.
The revenue was generated by cannabis sales of more than $260 million from June 2014 to June 2015, according to data released by the Washington State Liquor Control Board, which oversees the distribution of cannabis.
...
Retailers sold more than 23,000 pounds of marijuana of the 31,000 pounds produced in Washington during the year, state data showed.
This is just more evidence that shows regulation works.