Washington Expects Pot Sales Tax Revenue Surge to $1 Billion
- Revenue seen climbing from $67.5 million in first year
- State forecast is for over four years since legalization
Marijuana Tax Revenue Booms in Washington
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Washington state expects marijuana sales taxes to bring in more than $1 billion over the next four years, according to a budget forecast published by the Office of Financial Management.
In the first year since legalizing both medical and recreational cannabis, Washington collected $67.5 million in marijuana-related taxes, directed toward its general fund and health-related services.
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Washington Expects Pot Sales Tax Revenue Surge to $1 Billion