{"id":12545,"date":"2024-02-03T01:01:10","date_gmt":"2024-02-03T01:01:10","guid":{"rendered":"https:\/\/mmj-investment.com\/index.php\/2024\/02\/03\/cannabis-sales-dip-in-washington\/"},"modified":"2024-02-03T01:01:10","modified_gmt":"2024-02-03T01:01:10","slug":"cannabis-sales-dip-in-washington","status":"publish","type":"post","link":"https:\/\/mmj-investment.com\/index.php\/2024\/02\/03\/cannabis-sales-dip-in-washington\/","title":{"rendered":"Cannabis sales dip in Washington"},"content":{"rendered":"<p><a href=\"https:\/\/www.youtube.com\/watch?v=AWMbQwI0FM4\">Cannabis sales dip in Washington<\/a><br \/>\n\t\t\t\t\t\t\t\t<iframe  loading=\"lazy\" width=\"480\" height=\"320\"  src=\"about:blank\" data-lazy-src=\"https:\/\/www.youtube.com\/embed\/AWMbQwI0FM4?rel=0\"  frameborder=\"0\" allowfullscreen><\/iframe>\t\t\t\t\t<\/p>\n<p><img  decoding=\"async\" style=\"float:left;margin:0 5px 5px 0;\"  src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-lazy-src=\"https:\/\/mmj-investment.com\/wp-content\/uploads\/2024\/02\/VWwj90.jpg\"  \/><noscript><img  decoding=\"async\" style=\"float:left;margin:0 5px 5px 0;\"  src=\"https:\/\/mmj-investment.com\/wp-content\/uploads\/2024\/02\/VWwj90.jpg\"  \/><\/noscript>When Washington first legalized recreational marijuana in 2012, a new industry opened up for the state.<\/p>\n<p>Since then, recreational cannabis retail has grown into a multibillion-dollar industry, generating hundreds of millions of dollars in tax revenue.<\/p>\n<p>But new numbers from the Liquor and Cannabis Board show that growth may be slowing down.<\/p>\n<p>In Pierce County, cannabis retail sales from the 2022 fiscal year dropped around 12% from 2021.<\/p>\n<p>It\u2019s a trend that\u2019s being seen statewide. Retail sales from the 2022 fiscal year showed an 8% decline over 2021, equaling around $120 million in unearned revenue for Washington.<\/p>\n<p>The state\u2019s Liquor and Cannabis Board called 2021 an anomaly and credits the year\u2019s high sales to Washington\u2019s stay-at-home restrictions increasing consumption. The board added that although sales are lower this year compared to 2021, sales have been rising consistently since cannabis stores first opened back in 2014.<\/p>\n<p>However, Duane Dunn, owner of Emerald Leaves Dispensary, says it\u2019s more complex.<\/p>\n<p>First, illegal markets are cutting into the sales of legitimate retailers.<\/p>\n<p>\u201cWhen you have customers who can purchase products from some of the same vendors that I use at a cheaper price, it makes it a little more difficult for those customers to come back into the store,\u201d Dunn explained.<\/p>\n<p>READ THE FULL STORY:<br \/>\nhttps:\/\/www.king5.com\/article\/news\/local\/cannabis-sales-dip-in-washington-state\/281-0abe8261-6817-4c26-9659-fef7ef94e38e<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannabis sales dip in Washington When Washington first legalized recreational marijuana in 2012, a new industry opened up for the state. Since then, recreational cannabis retail has grown into a multibillion-dollar industry, generating hundreds of millions of dollars in tax revenue. But new numbers from the Liquor and Cannabis Board show that growth may be&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[163],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cannabis sales dip in Washington - MMJ Investment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mmj-investment.com\/index.php\/2024\/02\/03\/cannabis-sales-dip-in-washington\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cannabis sales dip in Washington - MMJ Investment\" \/>\n<meta property=\"og:description\" content=\"Cannabis sales dip in Washington When Washington first legalized recreational marijuana in 2012, a new industry opened up for the state. Since then, recreational cannabis retail has grown into a multibillion-dollar industry, generating hundreds of millions of dollars in tax revenue. 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