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$48M Collected in 3 Months from CA Marijuana Taxes

Marijuana cultivation and excise tax collections hit $48 million between April and June, that’s still well below the windfall environed by the state.

Posted: Aug. 15, 2018 5:59 PM

SACRAMENTO, Calif. - Marijuana cultivation and excise tax collections hit $48 million between April and June, that’s still well below the windfall environed by the state.


Officials had estimated California would bank $185 million in the first six months but so far they have not even collected half of that estimate.


Analysts point to a bumpy roll-out of the legal market.


Illicit sales continue to flourish, taking sales from legal shops.


And many areas have banned commercial pot activity.

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