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Pot sales surge in Washington state, surpass $200M in one quarter

Pot sales surge in Washington state, surpass $200M in one quarter

Associated Press | 

In the first quarter of 2016 — January, February and March — people spent $54.8 million more on spirits than marijuana, which includes the cost of the products and its associated taxes. By the second quarter — April, May and June — that gap closed to nearly $37 million. Those amounts include taxes levied by the state on those products. Spirits sales do not include wine and beer. Marijuana sales include all cannabis products, but not paraphernalia.

Marijuana sales in the second quarter of 2016 amounted to nearly $212 million. Spirits sales in the same period amounted to almost $249 million.

In July, the state closed medical marijuana shops, making all sales go through licensed recreational marijuana storefronts. Sales at retail pot shops shot up by $66.6 million in the third quarter of the year, to $278.6 million.

Pot sales surge in Washington state, surpass $200M in one quarter






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