Washington State saw another nearly $100 million in legal marijuana and marijuana products sold in June.
According to data released by the Liquor and Cannabis Commission, there was approximately $100.2 million in legal marijuana sales in June. This is a slight decrease from the $101.8 million sold in May, and it’s around $9 million less than the record-breaking $109.6 million sold in June 2022.
The yearly total for marijuana sales is now $600 million, putting the state on track for $1.2 billion in total sales for 2024. This would be nearly identical to the $1.25 billion in marijuana sales for 2023.
The average price per gram of dried marijuana in June was $7, with the average price for concentrates at $8.60.
Sales were distributed as follows:
- Marijuana flower: $32 million
- Vaporizers and vape products: $28 million
- Pre-Rolls: $15 million
- Edibles: $10 million
- Concentrates: $7 million
- Other: $6 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. Marijuana receives a 37% excise tax at the point of sale, the highest marijuana tax in the nation.
The majority of Washington’s marijuana tax revenue goes to health care, with a third going to the state’s general fund, and roughly 8% split between local governments, education and prevention programs, and the cost to administer the state’s legal marijuana program.
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.”
