Culture B2B Q1 2016

Page 15

Marijuana Fiscal Year 2015 Sales and Excise Tax by County, in Washington State

The War For Independence Despite Government

“Financial Revolution,” Cannabis Banking is Still an Issue by Todd Mathews

We’re coming up on the second anniversary of what might have been the cannabis industry’s Fourth of July. On Valentine’s Day 2014, the U.S. Departments of Treasury and Justice announced that in states where cannabis was legal, they were willing to look the other way. The federal love note to the cannabis industry seemed to open the door to banks eager to serve the fast-growing industry. That’s how it played in the media. “Banks to be Allowed to do Business With Marijuana Dispensaries,” trumpeted the Wall Street Journal. Bloomberg declared, “Pot Businesses Allowed to Open Accounts With U.S. Banks.” Two years after the cannabis financial revolution, little has changed. >>

County

Reporting Period

Total Sales

Excise Tax

Asotin

7/1/2014 - 6/30/2015

$78,390

$19,597

Benton

7/1/2014 - 6/30/2015

$5,123,127

$1,280,782

Chelan

7/1/2014 - 6/30/2015

$6,383,822

$1,595,956

Clallam

7/1/2014 - 6/30/2015

$1,877,875

$469,469

Clark

7/1/2014 - 6/30/2015

$27,007,613

$6,751,903

Cowlitz

7/1/2014 - 6/30/2015

$6,178,816

$1,544,704

Douglas

7/1/2014 - 6/30/2015

$3,281,503

$820,376

Ferry

7/1/2014 - 6/30/2015

$203,910

$50,977

Franklin

7/1/2014 - 6/30/2015

$154,453

$38,613

Grant

7/1/2014 - 6/30/2015

$1,876,614

$469,154

Grays Harbor

7/1/2014 - 6/30/2015

$1,155,161

$288,790

Island

7/1/2014 - 6/30/2015

$1,358,382

$339,596

Jefferson

7/1/2014 - 6/30/2015

$1,725,044

$431,261

King

7/1/2014 - 6/30/2015

$59,022,028

$ 14,755,507

Kitsap

7/1/2014 - 6/30/2015

$5,810,182

$1,452,546

Kittitas

7/1/2014 - 6/30/2015

$3,871,972

$967,993

Klickitat

7/1/2014 - 6/30/2015

$3,661,394

$915,349

Lewis

7/1/2014 - 6/30/2015

$208,480

$52,120

Lincoln

7/1/2014 - 6/30/2015

$2,532,930

$633,233

Mason

7/1/2014 - 6/30/2015

$2,865,834

$716,458

Okanogan

7/1/2014 - 6/30/2015

$3,504,809

$876,202

Pacific

7/1/2014 - 6/30/2015

$4,924,707

$1,231,177

Pend Oreille

7/1/2014 - 6/30/2015

$173,177

$43,294

Pierce

7/1/2014 - 6/30/2015

$18,767,090

$4,691,773

San Juan

7/1/2014 - 6/30/2015

$808,338

$202,084

Skagit

7/1/2014 - 6/30/2015

$4,507,047

$1,126,762

Skamania

7/1/2014 - 6/30/2015

$351,594

$87,899

Snohomish

7/1/2014 - 6/30/2015

$26,146,851

$6,536,713

Spokane

7/1/2014 - 6/30/2015

$37,134,659

$9,283,665

Stevens

7/1/2014 - 6/30/2015

$1,679,053

$419,763

Thurston

7/1/2014 - 6/30/2015

$9,951,729

$2,487,932

Wahkiakum

7/1/2014 - 6/30/2015

$249,840

$62,460

Walla Walla

7/1/2014 - 6/30/2015

$94,796

$23,699

Whatcom

7/1/2014 - 6/30/2015

$11,446,882

$2,861,721

Whitman

7/1/2014 - 6/30/2015

$2,059,985

$514,996

Yakima

7/1/2014 - 6/30/2015

$3,344,237

$836,059

(Source: The Washington State Liquor and Cannabis Board)

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