Ca received $60.9M in cannabis tax income for first quarter of 2018

California started the year by establishing appropriate product sales of leisure cannabis on 1 january. Yet again the first quarter is over, it is about time their state provides a sense of exactly how its recreational cannabis market has fared up to now.

Based on the Department of Tax and Fee management, Ca made $60.9 million in income tax revenue from cannabis product product sales within the quarter that is first of in 2010.

The agency stated that the income gathered by the state contains cultivation, excise and product sales taxes, yet it will not add neighborhood taxation revenue that has been collected by its various counties or towns and cities.