Chart of the Week: Monthly Marijuana Sales in Washington State Surpass $60 Million

By Eli McVey

The merger of Washington State’s unregulated medical marijuana industry into its recreational cannabis program has led to a huge spike in monthly sales for licensed retailers, indicating that the complicated transition is playing out as hoped.

In July, cannabis retailers posted an 18% spike in sales from the previous month, a new record for the regulated market. The $63.6 million in sales marked an increase of more than $10 million over the total in June.

The sizable gain comes on the heels of a July 1 deadline for all remaining…