Quicky: Average Daily Excise Tax now over $1,000,000

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Quicky: Average Daily Excise Tax now over $1,000,000

Over the first 7 days of August, the Retail Excise tax on recreational and medical cannabis in Washington State averaged over $1,000,000 per day.

That corresponds to average statewide Retail sales just shy of $2,750,000 PER DAY … which represents a 7.1% growth vs the average day seen in July.

For those with a longer outlook, August’s average daily retail sales are, thusfar, 26.6% higher than they were last August. Not bad growth for a market 5 weeks into it’s fourth year.

Between state Sales and Excise taxes, the thing called Olympia can expect to generate about $420 million dollars this fiscal year. Off of your backs.

Ironic, isn’t it?

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