2017 Cannabis Market on Pace to Set Records
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Washington Cashing in On Cannabis
April 30, 2017

Legal Cannabis Sales in Washington Surge; 4/20 Shatters Tax Revenue Record

  • Washington is on track for another record year of medical and adult use cannabis tax revenues fueled by strong growth in consumer demand.
  • At the pace of current sales, Washington will earn over $100 million in cannabis excise taxes* between January and April 2017, up from $66 million over the same period in 2016.
  • By late April, excise tax revenues were already up 59% from the previous year.
  • April 20, 2017, was the single highest revenue day in Washington, grossing over $2 million in tax revenue, an 88% increase from the previous year.
  • One reason for the increased revenue is the state’s decision to harmonize the adult use and medical programs in July 2016, which included a rule change that applied the 37% excise tax to previously exempt medical use sales.
  • The year-over-year growth in Washington underscores the tax revenue generating potential presented by legal cannabis, leading an increasing number of states to consider advancing adult use legalization initiatives.

*The cannabis excise tax rate in Washington is 37% which is applied to both medical and adult use sales. These revenues do not include the state sales tax which is applied only to adult use sales.

 Cannabis Industry Annual Report:
2017 Legal Marijuana Outlook

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Invaluable to Successful Operators

Cannabis investors, operators and researchers in more than 50 countries have turned to New Frontier Data for their Business Intelligence.

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provides critical insights into the following topics:
  • National and State-level Market Sizing & Revenue Projections
  • Federal & State Regulatory Policies
  • Product and Industry Trends
  • Developments in Public Markets
  • Medical Cannabis Research & Innovation
  • Potential Impact of New Administration
  • Expansion of Legalization into International Markets
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