A new report by Chardan Capital Markets analyst James McIlree takes a look at trends in the rapidly-expanding, yet controversial world of U.S. marijuana sales. McIlree’s report includes five charts that show just how much the business of legalized marijuana is growing.
Retail marijuana sales (before the 37 percent excise tax) hit a record $36 million in Washington State in September. Sales briefly dipped over the summer when the state increased its excise tax from a 25 percent rate at the grower, processor and retailer levels to a 37 percent tax only at the retail level.
In terms of weight, Washington retailers sold a record-high 7,000 pounds of marijuana in September. Despite the new all-time high, month-over-month was the lowest it has been in about a year.
When it comes to the amount of extracts produced, Washington’s September total continued…
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