The $300,000,000 Club – Which 5 States Collected over $300 Million in Cannabis Tax Revenue Last Year Alone?High & Marijuana Blog | Cannabis.Net

In 2022, California amassed slightly over $1 billion in cannabis taxes, a notable decrease from almost $1.3 billion in 2021 and lower than the $1.1 billion in 2020. Cannabis sales in the state also dropped by 8% in 2022, going from $5.7 billion in 2021 to $5.3 billion in 2022. The decline has been attributed to several factors, including the continued presence of the illicit market, declining wholesale prices, and severe delays in local licensing.

In 2022, California amassed slightly over $1 billion in cannabis taxes, a notable decrease from almost $1.3 billion in 2021 and lower than the $1.1 billion in 2020. Cannabis sales in the state also dropped by 8% in 2022, going from $5.7 billion in 2021 to $5.3 billion in 2022. The decline has been attributed to several factors, including the continued presence of the illicit market, declining wholesale prices, and severe delays in local licensing. High & Marijuana Blog | Cannabis.Net Read More or Shop @ https://pinkplanes.com/shop/