The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus The Daily Herald on Linked In HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

3-day tax haul from Washington pot sales: $148,256

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY
Associated Press
Published:
SEATTLE — Washington will haul in nearly $150,000 in excise taxes from the first three days of legal marijuana sales — and that doesn’t include state and local sales taxes.
Randy Simmons, the Liquor Control Board’s project manager for legal pot, says that’s not bad, considering the market is in its infancy, with only a few stores open statewide.
The law voters passed in 2012 to legalize pot for adults specifies that excise taxes of 25 percent are imposed when producers sell their product to licensed retail stores, and another 25 percent is imposed when shops sell to consumers.
All excise taxes due from the first day of sales Tuesday totaled $61,604. The figure dipped to $30,924 Wednesday and rose to $55,728 Thursday for a total of $148,256.
Story tags » StateTaxesMarijuana

More Northwest Headlines

NEWSLETTER

HeraldNet Headlines

Top stories and breaking news updates

Calendar