Cannabis Retail

Report: Tax Revenue From Retail Marijuana Sales Exceeds Expectations

Marijuana-related tax revenue in Colorado totaled $129 million over the 12-month period ending May 31, 2016 – well exceeding initial estimates of $70 million per year. In Washington, tax revenue totaled $220 million for the 12-montyh period ending June 30, 2016. Regulators had initially projected that retail sales would bring in $162 million in new annual tax revenue. In Oregon, marijuana-related tax revenues are yielding about $4 million per month – about twice what regulators initially predicted.

Marijuana Arrests

Nation’s Capital: Massive Reduction In Marijuana Arrests

New data released by the Washington, D.C. police indicate that there has been a massive reduction in marijuana-related arrests in the nation’s capital post-prohibition. Astoundingly, there has been almost a 100% decrease in marijuana arrests in just one year after 70% of the District’s voters chose to end marijuana prohibition.