There was over $100 million worth of legal marijuana sold throughout Washington State in July.
(Photo credit: Vista).
According to data compiled and released by the Washington State Liquor and Cannabis Commission, there was approximately $103 million in legal marijuana sales in July. This is a slight increase from the $100.2 million sold in the previous month, but a slight decrease from the $106 million sold last July. June 2022 retains the monthly high of $109 million.
The yearly total for marijuana sales is now above $700 million, resulting in over $200 million worth of tax revenue. In 2023 there was $1.25 billion in marijuana sales resulting in over $400 million in taxes.
The average price per gram of dried marijuana in June was $7.13, a slight increase from the $7 average in June.
Washington legalized marijuana in November 2012, making it one of the first states, along with Colorado, to do so. The law permits individuals aged 21 and older to possess up to one ounce of marijuana, seven grams of concentrates, and up to 72 ounces of marijuana-infused liquid products. A 37% excise tax, the highest in the nation, is imposed on marijuana at the point of sale.
Most of Washington’s marijuana tax revenue is allocated to health care, with about a third directed to the state’s general fund. Approximately 8% is distributed among local governments, education and prevention programs, and the administration of the state’s legal marijuana program.
Earlier this year, Governor Jay Inslee signed a law that exempts qualifying patients and designated providers with a recognition card from the 37% cannabis excise tax on purchases of cannabis products labeled as Department of Health (DOH)-compliant and tested according to DOH rules.
