Washington State’s legal marijuana market saw over $100 million in sales in May.
According to data released by the state, there was approximately $101.84 million in legal marijuana sales in May, a 1.3% increase from the previous month and a 1.8% increase over May 2023. This brings the yearly total to around $500 million.
Total sales for May fell around $8 million short of the record-breaking $109.6 million sold in June 2022.
The average price per gram of dried marijuana in May was $7, with the average price for concentrates at $8.50.
Sales were distributed as follows:
- Marijuana flower: $35 million
- Vaporizers and vape products: $ 27 million
- Pre-Rolls: $16.4 million
- Edibles: $10.24 million
- Concentrates: $7.8 million
- Other: $5.5 million
Washington legalized marijuana in November, 2012, tying Colorado as the first state to do so. The law allows those 21 and older to possess up to one ounce of marijuana, seven grams of concentrates and up to 72 ounces of marijuana-infused products in liquid form.
Earlier this year Governor Jay Inslee signed into law a measure that “Provides a tax exemption from the 37 percent cannabis excise tax for qualifying patients and designated providers with a recognition card on purchases of cannabis products that are labeled as Department of Health (DOH)-compliant product and tested in accordance with the DOH’s rules.”
