Chart of the Week: Monthly Washington State Recreational Marijuana Sales, Tax Data

By Jennifer Mann

Recreational cannabis revenues started off slow in Washington State but have been posting solid gains in recent months as more stores and growers come online.

Since sales began on July 8, retail stores, producers and processors have brought in more than $31.6 million in revenue from cannabis sales though October, generating over $7.9 million in excise taxes for the state.

The growth trend is continuing in November: Sales are currently on pace to grow by about 36% over October.

At the November pace, the recreational industry in Washington would bring in about $200 million in sales over the next 12 months.