The state of Washington has a booming cannabis market. It's among the most mature in the country, and sales continue to rise.
That said, market concerns remain and range from excise taxes to a lack of diversity. If the state intends to continue moving forward, these issues need to be addressed.
Washington's Market Booms As Population Increases
Washington legalized cannabis in 2012, setting an example for how the industry can put tax dollars into the state’s coffers. In 2020, the state earned $469 million in revenue.
In 2019, the state generated $395.5 million in revenue and licensing fees. All but $5.2 million came from excise taxes, which are among the highest in the nation.