3-day tax haul from Washington pot sales: $148,256 - KFBB.com News, Sports and Weather

3-day tax haul from Washington pot sales: $148,256

Posted: Updated:

SEATTLE (AP) - Washington will haul in nearly $150,000 in excise taxes from the first three days of legal marijuana sales - and that doesn't include state and local sales taxes.

Randy Simmons, the Liquor Control Board's project manager for legal pot, says that's not bad, considering the market is in its infancy, with only a few stores open statewide.

The law voters passed in 2012 to legalize pot for adults specifies that excise taxes of 25 percent are imposed when producers sell their product to licensed retail stores, and another 25 percent is imposed when shops sell to consumers.

All excise taxes due from the first day of sales Tuesday totaled $61,604. The figure dipped to $30,924 on Wednesday, and rose to $55,728 on Thursday, for a total of $148,256.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

  • Top Stories from KHQTop StoriesMore>>

  • Police investigate reported shooting at nightclub

    Police investigate reported shooting at nightclub

    Saturday, August 30 2014 5:40 PM EDT2014-08-30 21:40:34 GMT
    SPOKANE, Wash. - Spokane Police are looking for information about a reported shooting at the Swaxx Nightclub on N. Division early Saturday morning. A spokeswoman said the shooting happened at about 2 a.m. in the parking lot near Lincoln and Division. Several people were fighting in the parking lot when the shots were reported.
    SPOKANE, Wash. - Spokane Police are looking for information about a reported shooting at the Swaxx Nightclub on N. Division early Saturday morning. A spokeswoman said the shooting happened at about 2 a.m. in the parking lot near Lincoln and Division. Several people were fighting in the parking lot when the shots were reported.
  • Suspected gunman manages to elude police after hospital lockdown

    Suspected gunman manages to elude police after hospital lockdown

    Saturday, August 30 2014 3:38 PM EDT2014-08-30 19:38:50 GMT
    SPOKANE, Wash.- A suspected gunman managed to elude police Friday night after a chase that took officers from the Rite Aid on N. Division to Holy Family Hospital on E. Rowan. It all started around 7:30pm Friday night, when police say a man was seen trying to steal items from the Rite Aid.
    SPOKANE, Wash.- A suspected gunman managed to elude police Friday night after a chase that took officers from the Rite Aid on N. Division to Holy Family Hospital on E. Rowan. It all started around 7:30pm Friday night, when police say a man was seen trying to steal items from the Rite Aid.
  • 2-year-old hit by car, hospitalized

    2-year-old hit by car, hospitalized

    Saturday, August 30 2014 1:45 PM EDT2014-08-30 17:45:12 GMT
    KAMIAH, Idaho - Idaho State Police arrested a 38-year-old woman for driving intoxicated and hitting a 2-year-old with her car in the town of Kamiah Friday night. Police responded to the crash scene at 9:21. ISP said Sarkisian G. Farnham was driving north on Hill Street near the Kamiah High School. 
    KAMIAH, Idaho - Idaho State Police arrested a 38-year-old woman for driving intoxicated and hitting a 2-year-old with her car in the town of Kamiah Friday night. Police responded to the crash scene at 9:21. ISP said Sarkisian G. Farnham was driving north on Hill Street near the Kamiah High School. 
Powered by WorldNow

Sports

  • Sports
  • Community

  • Community
  • Powered by WorldNow
    All content © Copyright 2000 - 2014 WorldNow and Max Media. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.