Very quick note: for the first time in over three years of profiting off of the sale of Schedule 1 drugs, Washington State collected, on average, over ONE MILLION DOLLARS of excise tax revenue per day during the month of September.
I’d do a graph, but that would be overkill.
Average Excise Tax per day in Sept — $1,018,411
Statewide, that is just under $1.2 Million per day once state sales tax is rolled in.
From a revenue perspective, retail is now moving (before taxes) over $2,750,000 of State-legal Cannabis product PER DAY
I hope you can all join me in Olympia tomorrow for the LCB public hearing on HomeGrow “Regulation” where we can ALL congratulate them on bringing so much new revenue into the state coffers. They are very effective revenuers.
Consider this the first in my retail performance assessment series. The rest of them will drill down below the state level … I’m just trying to make up my mind whether I should present them at a County level or at something that gets closer to the store level.
Let me know what you would prefer.