WA pot consultant: Revenue estimate way off

SEATTLE — Washington state’s marijuana consultant says revenue estimates of how much money legalization can bring have been way off.

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 in Local News

Bicycle tour raises money for dialysis patients

Volunteers also shared health information and put together care packages for homeless women.

Elderly couple escape serious injuries in crash with train

The driver drove down tracks instead of a road, hitting a slow-moving train near Stanwood.

Boeing reaches out to schools

Company employees helped Everett students at recent reading and Manufacturing Day events.

5-vehicle collision sends school bus into ditch; no injuries

No students were hurt when a school bus crashed into… Continue reading

Fire crew returns early from wildfires in Northern California

Four Everett firefighters returned from battling California wildfires late Thursday… Continue reading

Theft lands former insurance salesman 50 days in jail

A former insurance salesman is expected to report to jail… Continue reading

Flooding still a concern on Snohomish River

Flood warning in effect until Monday afternoon for Monroe and Tuesday morning for Snohomish.

Expect river levels to keep rising, though sun is on the way

Some could crest above minor and moderate flood levels.

Herald photos of the week

A weekly collection of The Herald’s best images by staff photographers and… Continue reading

Most Read