New Frontier Data 8.23.23New Frontier Data 8.23.23New Frontier Data 8.23.23New Frontier Data 8.23.23
  • Solutions
    • Market Segments
      • Retailers & Dispensaries Business Data Solutions: Because you Wouldn't Leave Home Without a Map. Consumer Research, Customer Acquisition, and Competitive Conquesting
      • InvestorsBusiness Intelligence Data: It's what's De-Risking Cannabis. Market Intelligence, Opportunity Modeling, Due-Diligence Validation, and Risk Mitigation
      • BrandsBecause "cool" is not a brand strategy. Find the white space, Determine the market, and Model the revenue
      • Agencies & Consultants Unleash the Power of Informed Campaigns! +160M Probable cannabis consumers, +60M Cannabis Retail Visitors, Custom Audience Builder, and Cannabis Specific Marketing Reporting
      • Academia regulatory understanding, retail business intelligence and Medical Patient Research
    • Problems Solved
      • Customer AcquisitionTarget, engage, and retain customers.
      • Market Intelligence & ForecastingMaximize your profits, minimize risks.
      • Custom Research & ReportsKnow your market, grow your business.
      • Brand Visibility & ExposureBoost your business with our sponsorships.
      • Analytics for the Medical Cannabis SectorData for healthcare, policies, and patient care.
  • Products
    • Equio Make Informed Decisions with actionable Insights
    • NXTeck Transform your approach to customer acquisition
    • Analyst Reports
    • CMedAccess extensive medical patient data
  • Resources
    • Blog
    • Case Studies
    • Events & Webinars
    • Podcast
    • Newsletter - Sign-Up Cannabit
  • Company
    • About Us
    • Board & Advisors
    • Our Partners
    • In The News
    • Press Releases & Media Kit
  • Equio Login
✕

2017 On Pace to Set Records

  • Home
  • Cannabis Insights
  • 2017 On Pace to Set Records
New Frontier Data thumbnail
Cannabis Industry Presents Unprecedented Consumer Market Opportunity
April 26, 2017
New Frontier Data thumbnail
Mainstream Brands Indirectly Cashing In On Cannabis
April 29, 2017
April 29, 2017
Categories
  • Cannabis Insights
  • Cannabit
Tags
img 232

Legal Cannabis Sales in Washington Surge; 4/20 Shatters Tax Revenue Record

  • Washington is on track for another record year of medical and adult use cannabis tax revenues fueled by strong growth in consumer demand.
  • At the pace of current sales, Washington will earn over $100 million in cannabis excise taxes* between January and April 2017, up from $66 million over the same period in 2016.
  • By late April, excise tax revenues were already up 59% from the previous year.
  • April 20, 2017, was the single highest revenue day in Washington, grossing over $2 million in tax revenue, an 88% increase from the previous year.
  • One reason for the increased revenue is the state’s decision to harmonize the adult use and medical programs in July 2016, which included a rule change that applied the 37% excise tax to previously exempt medical use sales.
  • The year-over-year growth in Washington underscores the tax revenue generating potential presented by legal cannabis, leading an increasing number of states to consider advancing adult use legalization initiatives.

*The cannabis excise tax rate in Washington is 37% which is applied to both medical and adult use sales. These revenues do not include the state sales tax which is applied only to adult use sales.

Share
FacebookTwitterLinkedInPinterest
0

Related posts

Cannabis retail loyalty strategies
September 5, 2025

Cross-Shopping Is on the Rise: How Dispensaries Can Keep Customers Loyalty


Read more
cannabis dispensary trends consumer choosing a dispensary 1
August 29, 2025

August 2025 Biggest Dispensary and Cannabis Consumer Shifts


Read more
New York Cannabis
August 19, 2025

New York Cannabis Market: Why Now is the Time to Build Your Foothold


Read more

Comments are closed.

2017 On Pace to Set Records

©2014-2025 New Frontier Data

HEADQUARTERS

5614 Connecticut Ave NW #331
Washington, DC 20015
info@nullnewfrontierdata.com
844-420-D8TA (3882)

MEDIA INQUIRIES

media@nullnewfrontierdata.com

FOLLOW US

social icon social icon social icon social icon social icon

COMPANY

FAQs
CONTACT US
CAREERS
PRESS RELEASES & MEDIA KIT
PRIVACY POLICY
TERMS OF USE