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

Within an hour, 2 planes crash-land at Paine Field

One simply landed hard and went off the end of a runway. Another crash involved unextended landing gear.

Mill Creek’s Donna Michelson ready to retire at year’s end

The city’s longest-serving council member says she has every intention of staying involved.

Leanne Smiciklas, the friendly lady who served customers of her husband’s Old School Barbeque from a schoolbus parked in front of the Reptile Zoo east of Monroe, has died at 64. (Dan Bates / Herald file)
Without her, beloved BBQ hotspot in Monroe can’t go on

Leanne Smiciklas, who ran the now-closed Old School BBQ along Highway 2 with her husband, died.

Foundation awards grants to Arlington schools

The Arlington Education Foundation on Nov. 13 presented a check to the… Continue reading

Snohomish County firefighters head to California for 18 days

They’re from Fire District 26 in Gold Bar, Getchell Fire and Fire District 7.

State commission reprimands Snohomish County judge for DUI

Judge Marybeth Dingledy had pleaded guilty and was sentenced to a day in jail.

Driver arrested after car strikes pedestrian in Everett

The pedestrian was crossing the road near 12th Street and Broadway. He was injured.

Active Casino Road volunteer honored for work

Molina Healthcare recently honored Jorge Galindo, from Everett, as one of its… Continue reading

Over $12K raised to InspireHER

InspireHER, a local organization that encourages female empowerment, raised over $12,000 at… Continue reading

Most Read