California’s Cannabis Tax Revenue Sinks to 13-Quarter Low; Excise Tax Reporting Shifts

 

Cannabis Business Times reports The hopes of increased consumer participation in California’s regulated cannabis market did not provide a boost to licensed retail sales or state tax revenue during the first quarter of 2023. California’s adult-use dispensaries reported $1.25 billion in taxable sales for the quarter, representing a 6% decrease compared to the first quarter 

​ Cannabis Business Times reports The hopes of increased consumer participation in California’s regulated cannabis market did not provide a boost to licensed retail sales or state tax revenue during the first quarter of 2023. California’s adult-use dispensaries reported $1.25 billion in taxable sales for the quarter, representing a 6% decrease compared to the first quarter […] 

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Cannabis Law Report 

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