California Legal Cannabis Sales Exploded. And California is Cashing In | Wolf Street

Cannabis tax revenues in Q3 collected by the State of California soared by a record 80% year-over-year, and by a record of $136 million year-over-year, to a $307 million, the California Department of Tax and Fee Administration reported Monday afternoon. This does not include tax revenues collected by cities and counties. All three categories surged: Excise Tax (+90%), Cultivation Tax (+80%), and Sales Tax (+66%).

California Legal Cannabis Sales Exploded. And California is Cashing In | Wolf Street