The world’s biggest, most influential cannabis market generated around $300 million in taxes in its first year of commercial legalization.

And it did it with both hands -- and one foot -- tied behind its back.

On Tuesday the California Department of Tax and Fee Administration released its final tally for cannabis sales and excise tax receipts for 2018.

California collected about $300 million in cannabis sales taxes and fees for the first year of commercial sales. That’s lower than initial projections for 2018—which was the first year of legal sales.

Click here to read the complete article

David Downs ~ Leafly.com ~

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