Washington

Washington Cannabis Sales Reach $1 Billion in 2017

Cannabis sales soar in Washington

Washingtonians have long been known for their love of coffee, but a new commodity is gaining popularity across the state: cannabis. The Evergreen state is living up to its name, as consumers cannot get enough legal cannabis. It only took nine months for Washington cannabis sales to hit the $1 Billion mark in 2017 and rake in over $300 Million in taxes!

These sales numbers come on the heels of a report from the Washington State Institute for Public Policy that shows a decrease in teen use of cannabis since the passage and implementation of Initiative 502. Teens also report that it is more difficult to access cannabis since legalization. Not only is the legal cannabis industry profitable, it also seems to keep youth from using.

Washington’s experiment with legalization appears to be working. Here’s hoping other states and the federal government take note.

You can find more information on sales data at the Washington State Liquor and Cannabis Board’s website.