Alcohol Sales Fall Following Cannabis Legalization
Sales of alcoholic beverages decline following the enactment of medical marijuana access laws, according to a working paper authored by a team of researchers from the University of Connecticut and Georgia State University.
Authors evaluated the relationship between medical marijuana laws and retail alcohol sales for more than 2,000 US counties for the years 2006 to 2015. Alcohol sales trends in medical cannabis states were compared to sales trends in states where cannabis remained illegal. Researchers determined that counties located in medical cannabis states, on average,....
The Joint Blog | November 27, 2017 In Washington State there was $142,045,620.27 worth of legal marijuana and marijuana products sold in October, easily breaking the previous monthly record set in August $133 million.
WA: Over $140 Million in Legal Marijuana Sold in October, Setting New Monthly Sales Record
The over $140 million in legal cannabis sold in October resulted in nearly $30 million in taxes for the state. So far for fiscal year FY 2018, which began on July 1st of this year, there has been $534 million in marijuana sold, resulting in over $120 million in taxes. For FY 2017, which began on July 1st, 2016, and ended on June 30th, 2017, there was $1,371,882,585.79 in legal marijuana sold in Washington State in fiscal year 2017; the state garnered $314,838,969.21 in taxes from these sales.
This data was obtained by the Washington State Liquor and Cannabis Board WSLCB. Ac....
Washington state cannabis businesses enter unknown territory with no official seed-to-sale system
Washington state marijuana licensees are incurring added costs in man hours and paperwork now that theyre operating without a contracted state seed-to-sale system.
Nov. 1 marked the first day licensed Washington state marijuana businesses have operated without a traceability program, and its raising questions about the necessity of such systems.
BioTrackTHC, which had the contract with the state for three years, failed to reach an extension with Washingtons Liquor and Control Board LCB, and the agreement ended at midnight Oct. 31.
The LCB selected MJ Freeways Leaf Data S....
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