The marijuana industry in Kitsap is just getting
That fact was underscored this week by recreational marijuana
revenue numbers released by the Liquor Control Board.
There were three marijuana businesses up-and-running
in the county long enough to report sales to the state. Those
three businesses combined for $392,398 in sales from July through
the start of October.
Two producer/processors, Nine Point Growth
Industries of Bremerton and Green Apple of
Silverdale, accounted for $234,346 of that total. Crockpot, a retail
outlet in Port Orchard, reported $158,052 for August, September and
The state collected $98,101 in excise tax from those three
Sales should pick up as the so-far sporadic marijuana supply
becomes more robust. Two
new marijuana stores also opened this month, and a third
recently came online.
Early marijuana sales were a mixed bag across the state. The
Associated Press reported the state’s top two retailers were
both in the Vancouver area (conveniently close to
Portland). One of those shops reported $1.7 million in sales.
According to the AP, the state hopes releasing the numbers
will provide more financial transparency and prevent
money laundering in the industry. It allows a bank or credit union
to check for discrepancies between the revenue marijuana
businesses’ report to the state and the money funneled
through their bank accounts.
remain leery of working with marijuana businesses, despite
having received conditional approval from the federal government.
Many of the federal conditions involve monitoring marijuana
business activity for signs of fraud.
Along with revenue numbers, the liquor board also released a
list of warnings and fines it has issued to marijuana
businesses so far. No Kitsap marijuana
companies were listed.
Follow Kitsap Sun business reporter Tad Sooter on Twitter
at @tsooter. Contact
him at firstname.lastname@example.org or leave a comment below.