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.
Source: benzinga.com