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September 19, 2014

Millions expected in state pot taxes

OLYMPIA (AP) — Economic forecasters are predicting that the state's legal recreational marijuana market is expected to bring in about $636 million to state coffers through the middle of 2019.

The forecast by the Economic and Revenue Forecast Council showed that just over $25 million from a variety of legal marijuana-related taxes — including excise, sales, and business taxes — is expected to be collected through the middle of next year. An additional $207 million is expected for the next two-year budget that ends mid-2017. And $404 million is expected for 2017-19 budget biennium.


 
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