Washington Tops $1.1 Billion in Cannabis Sales at 9-Month Mark
Cannabis sales in Washington state continue to grow at a steady rate, with total 2017 sales topping $1.1 billion at the end of September. The state’s nine-month sales total of $1,101,853,539 fell just short of Colorado’s sales from the same time period, which totaled $1,118,207,832.
According to data released by the Washington State Liquor and Cannabis Board, over the past five months the state’s cannabis industry has broken a number of its own sales records, with monthly sales now exceeding $130 million.
Sales in Washington state fluctuate month-to-month, with a bit of a dip in February, but the sales graph generally keeps moving up and to the right.
Sales of extracts and solid edibles continue their rise in popularity:
In the above chart, the spike in sales in early 2016 coincided with the increase in retail cannabis licenses. In January 2016 the state Liquor and Cannabis Board (LCB) increased the cap on retail licenses from 334 to 556. The state LCB tracks dollar-amount sales of concentrates, edibles, and topicals, but not flower. The agency does track the production of usable marijuana, which it tallies in pounds, in the chart below.
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