Cannabis Tax Revenue: Page 3

Green Thumb CEO Warns of ‘Washout’ for Cannabis Industry

The company reported $1 billion in revenue for 2022 with a net income of $12 million on a GAAP basis.

California Cannabis Sales Hit 9-Quarter Low

The world’s largest legal market has also experienced declining tax revenues for five straight quarters.

Creating a Budget for 2023? Consider These Tips

Naomi Granger, founder of the National Association of Cannabis Accounting and Tax Professionals, shares key factors cannabis cultivators and retailers should consider when creating a budget for 2023.

Nevada Fiscal 2022 Cannabis Sales Just Shy of $1 Billion

Clark County accounted for 78% of the state’s sales for the year.

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.

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