The long-standing question of how much the state can make off of marijuana has been answered and it's much lower than many expected.
Voters were originally told before the election once shops started selling pot the state could make up $1.9 Billion in tax revenue over five years. But now that number is expected to be much lower.
Last year, the Washington State Liquor Control Board hired a marijuana consultant to let us know what to expect and how many people might buy legal weed. In the consultant's thorough report the amount of projected revenue dropped.
The Washington Economic and Revenue Forecast Council released new estimates this week. Instead of $1.9 Billion over five years they say Washington could rake in $586 Million over four years. That money will come from excise, B&O and sales taxes as well as fees.
Most of the money is distributed to programs like drug rehab centers, research on the drug's affect on the state and the liquor control board for regulation.