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

Inclusion super important to Monroe High senior

Sarah Reeves worked to make homecoming more representative of the student population.

Man, 60, in critical condition after Bothell crash

Police believe the driver may have been speeding when he hit a rock wall.

FBI operation arrests 3 linked to exploitation of 32 women

The sting focused on Everett and other cities in Snohomish, King, Pierce, Skagit and Spokane counties.

Man arrested in Monroe Walmart robbery; second suspect flees

The pair fled in a stolen Mitsubishi Lancer with a distinctive green spray paint job.

Fugitive convict, missing more than a year, surrenders

Charles Coggins, 60, turned himself in Monday. He could now spend up to 30 days behind bars.

Former homeless camp needs needles and garbage cleaned up

The Hand Up Project will lead a volunteer effort this weekend on wooded land south of Everett.

County Council postpones vote on conservation programs

A decision on funding agricultural and water-quality programs will come after the budget process.

A Q&A with the candidates running for Snohomish County Council

Republican incumbent Sam Low faces Democratic challenger Kristin Kelly in District 5.

Front Porch

EVENTS Seahawks event postponed A Toys for Tots Blue Friday fundraiser that… Continue reading

Most Read