Tag Archives: revenue

Kitsap will receive $200k from marijuana excise tax in FY 2017

paper_leaf_img_6126_webMore than $200,000 in marijuana excise tax revenue will flow into Kitsap in the coming year.

Kitsap County is in line to receive $126,774, according to a list of fiscal year 2017 tax distributions posted by the Liquor and Cannabis Board.

Port Orchard will receive $40,107, Bremerton $27,989 and Bainbridge Island $16,419.

Poulsbo, which has a moratorium on marijuana businesses, will not receive any money.

The state committed to distributing $6 million in revenue from the 37 percent tax on recreational marijuana to local governments in both fiscal years 2016 and 2017. (The fiscal year runs July through June.)

The money is divvied up based on the amount of marijuana tax generated in each jurisdiction in the previous year. Kitsap governments are spending the money on law enforcement.

Beginning in fiscal year 2018, the state will distribute 30 percent of marijuana excise tax revenue to local governments. Thirty percent of that amount will go to cities and towns. Seventy percent will go to counties.

Graphic: Recreational marijuana sales in 2014

The state’s legalized pot industry began to bear fruit in 2014.

The newly-licensed recreational marijuana businesses grossed $65.4 million by the end of the year, generating more than $16 million in excise taxes.

Here’s a graphical look at how Kitsap’s recreational marijuana industry faired during its first few months in existence:

Corrected statewide marijuana sales numbers. Earlier numbers listed included 2015.