marijuana tax

Legal Marijuana
5:39 pm
Thu September 18, 2014

Wash. Marijuana Tax Collections Starting To Roll In, Millions More Expected

This July 1, 2014, photo shows packets of a variety of recreational marijuana named "Space Needle" during packaging operations at Sea of Green Farms in Seattle.
Ted S. Warren AP Photo

In a manner of speaking, millions of dollars of "drug money" are starting to flow into Washington state coffers.

The state's chief economic forecaster updated budget writers Thursday on how much tax money they can expect from recreational marijuana now that the first state licensed stores have opened.

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Legal Marijuana
5:00 am
Tue February 25, 2014

Pot Tax Revenue Estimates Likely Hazy

File image
AP Photo

Within the next year, marijuana taxes will start arriving in Washington state coffers. But how much money can the state realistically expect to take in from legal, recreational pot sales? Washington’s revenue forecaster recently unveiled his first estimate, but the numbers may be a bit hazy.

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taxing marijuana
10:31 am
Thu October 31, 2013

Will Wash. State's Legal Pot Taxes Go to Health Care?

Associated Press

One selling point of Washington's new legal marijuana law was that a huge chunk of pot-related tax revenue would be devoted to health coverage for low-income residents.

But it's not clear the money will go to health care after all.Under the federal Affordable Care Act, also known as "Obamacare," a would-be recipient of the pot taxes— Washington's Basic Health Plan—is being eliminated. The plan, which provided low-cost health insurance to the working poor, is being absorbed by Medicaid and will end Dec. 31, according the state Health Care Authority.

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