• Weaker Than Expected Marijuana Sales Ding California Budget

    California is paying a price for the shaky rollout of its legal marijuana market. State budget documents released Thursday show the Newsom administration is sharply scaling back what it expects to collect in cannabis tax revenue through June 2020 — in all, a $223 million cut from projections just four months ago. The reduced income […]

  • California Cannabis Tax Revenues Total $60.9 Million in First Quarter

    The California Department of Tax and Fee Administration (CDTFA) today released revenue numbers for cannabis sales in the first quarter of 2018. Tax revenue from the cannabis industry totaled $60.9 million since January 1, 2018, which includes state cultivation, excise and sales taxes. It does not include local tax revenue collected by cities or counties. […]

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