Cannabis Tax Revenue: Page 4

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.

Sacramento Officials Introduce Initiative to Use Local Cannabis Tax Revenue to Establish Children’s Fund

The Sacramento Council is expected to vote in July to put the measure on the ballot and, if approved, it would go before voters in November.

Montana 2022 Cannabis Sales Eclipse $123 Million

The Treasure State continued to add to the chest during its fifth month of adult-use cannabis sales, despite medical sales slipping.

California Cannabis Sales Dip to Lowest Mark Since 2020 Q2

The sales downtrend for the state’s legal market comes as state regulators licensed a record number of retailers in the first quarter of 2022.

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