Washington is handing out $6 million in pot taxes; where will it go?

The state’s ready to dole out $6 million in tax money collected from marijuana sales over the last fiscal year. It will go to local counties and cities.

The state’s ready to dole out tax money collected from marijuana sales over the last fiscal year to local counties and cities.

But distributing the $12 million over two years won’t be so easy. When Washington passed Initiative 502, it didn’t instruct the state to share the tax dollars that it collected from pot sales. That frustrated many county and local municipalities and lead to the passing of House Bill 2136, which set in place a program of tax fund sharing between the state, counties and cities.

“The original initiative — Initiative 502 — didn’t provide for any revenue going to cities or counties, so we think this is a good first step,” said Candice Bock, a government relations advocate with the Association of Washington Cities.

There will be $6 million distributed this year, and another $6 million next year. The money is coming in quarterly installments, and takes into account the amount of marijuana sales within a jurisdiction.

Source: Washington is handing out $6 million in pot taxes; where will it go?