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

Fatal car crash reported on Highway 92 near Lake Stevens

The 3 p.m. accident and investigation stopped traffic in both directions near Machias Road.

Mayor Ray Stephanson’s official portrait, by local illustrator Elizabeth Person, is displayed at a farewell reception held in the Ed Hansen Conference Center at Xfinity on Tuesday, Dec. 12, 2017 in Everett, Wa. (Andy Bronson / The Herald)
Past and future on the drawing board

Everett artist puts paint to paper for outgoing Mayor Ray Stephanson’s official portrait.

Mayor tries new tactic to curb fire department overtime

Stephanson says an engine won’t go into service when the only available staff would be on overtime.

Cheering families welcome Kidd, Shoup after 6 months at sea

“I get back Daddy back today,” said one homemade sign at Naval Station Everett.

Paine Field fire chief will be allowed to retire

In his letter, the airport director noted Jeff Bohnet was leaving while under investigation.

Stanwood man, 33, killed in crash near Marysville

Speed may have been a factor, the sheriff’s department said.

County plans to sue to recoup costs from ballot drop-box law

A quarter-million dollars could be spent adding 19 ballot boxes in rural areas.

Boeing video is an education in itself

15 of the company’s female engineers read decades-old letters from women seeking to study engineering.

February trial set for suspect in deadly Marysville shooting

There had been questions about Wayne Alpert’s mental health.

Most Read