Pubdate: Sat, 12 Jul 2014 Source: Seattle Times (WA) Copyright: 2014 The Seattle Times Company Contact: http://seattletimes.nwsource.com/ Details: http://www.mapinc.org/media/409 Page: 12 IN 3 DAYS, STATE GETS $148,000 FROM POT With just a handful of pot stores opened and supply short, the state will still pull in $148,256 of excise taxes from sales on Tuesday, Wednesday and Thursday, according to figures provided by the Liquor Control Board. That number reflects sales throughout the supply chain, including those from suppliers to retailers, but doesn't account for sales tax or business and occupation (B&O) taxes. Randy Simmons, the state's marijuana project director, said he expects volatile revenue figures until the end of September or beginning of October when outdoor grows are expected to be harvested. Marijuana is taxed at 25 percent as it passes through each rung of the industry's supply chain (producer, processor and retailer). Most excise taxes from pot are earmarked toward prevention, research and health funding. In February, the Washington State Economic and Revenue Forecast Council estimated the state would see $586 million from pot between 2015 and 2019. That number includes revenue from sales tax as well as B&O taxes. - --- MAP posted-by: Matt