"Green Friday" may have prompted a surge of sales at local marijuana retailers, but more revenue was reported the day before Thanksgiving and earnings modestly increased from prior Friday rushes in November, according to numbers reported by the state's Liquor Control Board.
Statewide, legal pot shops made $157,686 on Friday, down significantly from Wednesday's total of more than $251,000. It appears shoppers wanted to stock up for the long holiday weekend, rather than brave the retail lines on America's largest shopping day of the season.
Still, most local store owners said they opened with lines out the door Friday, and the Liquor Control Board only reports total sales numbers, not how much marijuana was sold. Some retailers were offering strands at up to 20 percent off all weekend.
The state Liquor Control Board also released this week the total sales numbers for Spokane County's eight retailers in November. The first shop to open, Spokane Green Leaf, led the way with $236,900 in sales last month. Up-and-comer Cannabis & Glass, which was not open when the month began, sold $13,355 worth of marijuana in November. That was good enough to beat seven other shops statewide that reported sales last month, but was the least among the county's eight operating businesses.
A total of 74 marijuana businesses reported sales to the state last month. Source: Washington State Liquor Control Board.
In total, Spokane County's pot shops earned more than $1 million in sales, roughly 1/8 of the revenue statewide. Sales activity generated more than $252,000 in excise tax revenue for the state. Currently, tax funds from marijuana sales are pooled and spent throughout the state, a process some lawmakers and shop owners would like to see changed to keep tax money closer to home.
Saturday marks two years since the voter-approved Initiative-502 became law, kickstarting the legal marijuana industry in Washington state. Look for an overview of the nascent industry in this weekend's Spokesman-Review.