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November 20, 2014

Millions expected from pot taxes through 2019

  • The most recent revenue forecast shows more than $694 million in state revenue from pot through the middle of 2019.
    • By RACHEL LA CORTE
    Associated Press

    OLYMPIA — Washington's legal recreational marijuana market is bringing in more tax revenue to the state than originally predicted, state officials said Wednesday.

    The most recent revenue forecast released by the Economic and Revenue Forecast Council shows that the industry is expected to bring in more than $694 million in state revenue through the middle of 2019. A previous forecast in September had that projection at about $636 million.


     
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