By Christopher Lopaze
WNPA Olympia News Bureau 

Cities Scrapping for Share of Marijuana Tax Revenues

 


OLYMPIA--A new eco­nomic forecast predicts recreational-marijuana busi­nesses will bring millions to the state, and the fight is underway for how the proceeds will be spent, with cities vying for a share.

Recreational-marijuana business is expected to bring in $51 million in state rev­enue during 2015-2017, ac­cording to a recent financial report released by the Wash­ington State Economic and Revenue Forecast Council. During 2017-2019, marijua­na tax revenue is projected at $138.5 million.

The new source of rev­enue represents a fraction of the total state revenue, with a total expec...



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