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California Cannabis Taxes Hit $270M In Q3: Funding Used For Research, Social Initiatives, Schools & More

The California Department of Tax and Fee Administration (CDTFA) reported that cannabis tax revenue for the third quarter of 2023 hit $269.3 million. This includes California's cannabis excise tax, which generated $156.9 million, and $112.4 million in sales tax revenue from cannabis businesses.
United States San Diego Torrey Holistics Igor Grant David Dallal California Department Of Tax

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This Bay Area city celebrated as sales tax revenue ballooned $37 million. Now the state wants it back.

The City of Fremont will have to pay back tens of millions of dollars in sales tax to the state of California after an accounting blunder left them with a financial windfall that some observers believe they should have immediately identified as an error. 
United States City Of Fremont David Persselin Kelly Abreu California Department Of Tax Fee Administration

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