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Marijuana Sales in Washington State Have Exceeded $1 Billion

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Across the United States, legal weed sales topped $5.4 billion in 2016, up nearly 18% from the previous year.   In Washington State legal retail sales began in 2014 with $31 million in retails Sales.  By 2015 this figure increased to more than $320 and was nearly $700 million in 2016.

 

Legal recreational retail sales also began in Colorado in January of 2014 with $313 million in recreational sales and $384 million in medical sales.  In 2015, while medical sales only rose a modest 5.6%, recreational sales increased more than 87% to $587.7 million.  In data released Thursday Feb 9, 2016, legal sales topped $1.3 billion, with recreational accounting for $875 million of the total.  The weed revenue has largely been a boon for local and the state economies, yielding $100s of millions in tax revenue. 

 

 

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