Anatomy of a Marijuana Tax. Key word: Underestimated.

State: Washington

How do the marijauna tax revenues look in Washington state:

• 1st year actual revenue: $64.9 million collected
  • 1st year estimated revenue: $36.3 million
• most recent fiscal year: $314.8 million
  • 262% more than estimated

How is marijuana taxed in Washington? 37% tax levy on all retail sales

How does WA spend its marijuana revenue? 

• substance-abuse education and treatment programs
• $262 million in 2018 went to fund WA’s Medicaid

How does CO spend its marijuana tax revenue? dedicated largely to education

IS WA marijuna revenue expected to plateau? No. $75 Million in growth projected through 2021.

K5 News | Why marijuana tax money isn’t a Washington state budget fix