marijuana tax

Ted S. Warren / AP Photo

In a manner of speaking, millions of dollars of "drug money" are starting to flow into Washington state coffers.

The state's chief economic forecaster updated budget writers Thursday on how much tax money they can expect from recreational marijuana now that the first state licensed stores have opened.

AP Photo

Within the next year, marijuana taxes will start arriving in Washington state coffers. But how much money can the state realistically expect to take in from legal, recreational pot sales? Washington’s revenue forecaster recently unveiled his first estimate, but the numbers may be a bit hazy.

Associated Press

One selling point of Washington's new legal marijuana law was that a huge chunk of pot-related tax revenue would be devoted to health coverage for low-income residents.

But it's not clear the money will go to health care after all.Under the federal Affordable Care Act, also known as "Obamacare," a would-be recipient of the pot taxes— Washington's Basic Health Plan—is being eliminated. The plan, which provided low-cost health insurance to the working poor, is being absorbed by Medicaid and will end Dec. 31, according the state Health Care Authority.