In an interview with public affairs channel TVW on Thursday, consultant Mark Kleiman said several factors like competition from the medical marijuana market, illegal sales and high prices are likely to affect the demand for the planned legal source of marijuana.
Initial estimates said the state could bring more than $400 million a year from the marijuana market.
Kleiman leads the Massachusetts-based BOTEC Analysis Corp., which the state picked this month to help legalization. The voter-approved legalization tasks the state with regulating crops and stores of marijuana.
Kleiman says that if the state sees $100 million in revenue during the first fiscal, it would be a good start.
More Northwest Headlines
Inslee orders another rewrite of clean-water rules 10:47 a.m. Seattle officer fired for obstructing investigation Alaska hired consultants ahead of Obama visit State ferries selling 9 generators it bought but never used US judge declines to undo government order on green cards Oregon gunman killed himself after police shot him Portland to recognize Indigenous Peoples Day Threat causes Southern Oregon University to cancel classes
Our new comment system is not supported in IE 7. Please upgrade your browser here.