Cannabis Tax Revenue: Page 3

Adult-Use Cannabis Legalization Could Give Arkansas’ Economy Major Boost, Study Shows

A study from the Arkansas Economic Development Institute projects annual adult-use sales averaging as high as $681.7 million.

California Governor Signs 10 Cannabis-Related Bills Into Law

The approved legislation ranges from interstate agreements to preemptions on local bans, restorative justice and employment protections.

Montana Adult-Use Cannabis Sales Set Record, Approach 75% of Market

The state’s combined medical and adult-use cannabis sales eclipsed $26.8 million in August.

California Q2 Cannabis Sales Up, Taxes Trend Down

The state’s adult-use cannabis sales rebounded slightly to $1.2 billion, a 2.9% increase from the previous quarter; taxes continue on four-quarter dip.

New Projections Estimate Lower Cannabis Tax Revenue in New Mexico

Nearly five months since the launch of adult-use sales, experts say initial revenue projections were slightly higher than the $22.7 million that is now expected.

Los Angeles County Voters to Decide on Cannabis Taxes in Unincorporated Areas This November

The proposed measure will be placed on the Nov. 8 ballot and will require a majority vote to pass.

Sacramento County Voters to Decide on Cannabis Taxes in Unincorporated Areas

Under the county’s current law, cannabis businesses can only operate within city limits. New tax revenue would be earmarked for homeless services.

Illinois Adult-Use Cannabis Sales Reach $1.5 Billion

Sales are up 50% from last year, and the state has received nearly $450 million in tax revenue.

Sacramento County Board of Supervisors Reject Cannabis Tax Initiative

The proposal, which would have gone before voters in November, could have allowed more cannabis dispensaries to open in unincorporated areas in Sacramento County.

Montana Cannabis Legalization Trends: Adult-Use Sales Up, Medical Sales Down

The state has banked $148 million in total sales during the first half of 2022.

California Eliminates Cannabis Cultivation Tax, Effective Immediately

The tax, which imposed a rate of $161 per pound on licensed growers, was zeroed out following Gov. Gavin Newsom’s budget signing.

California Lawmakers Consider Budget Trailer Bill to Eliminate Cannabis Cultivation Tax

The proposal would also shift the 15% excise tax from distributors to retailers.

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