Cannabis News Box

California’s cannabis tax revenue estimates have been reduced

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 7, 2018

A recent press release from the California Department of Tax and Fee Administration shows a disappointing first quarter for the state's cannabis industry. Tax revenue reached just $60.9 million in the first quarter of 2018, inclusive of cultivation tax revenue and excise tax revenue. Legal cannabis i...

cannabis taxes in California