Marijuana tax revenue falls short of predictions thanks to thriving black market

Mercury News
By Brooke Edwards Staggs, The CannifornianMay 10, 2018, 10:00 am13 pts
California didn’t bring in as much tax revenue as expected during the first three months of legal marijuana sales, with experts blaming the shortfall on the state’s still-thriving black market. Revenue from cannabis taxes totaled $34 million from Jan. 1 through March 31, according to figures released this…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

Jungle Boys Opening 1st Arizona Dispensary in Phoenix 41

Snuneymuxw First Nation close to completing on-reserve cannabis facility in Nanaimo 40

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.