California has Garnered $4.4 Billion in Marijuana Taxes Since Legal Sales Began in 2018

TL;DR

Nov 29 2022California has Garnered $4.4 Billion in Marijuana Taxes Since Legal Sales Began in 2018Legal recreational marijuana sales began in Q1, 2018 in California, and since that period the state has garnered billions in new tax revenue.According to data released by the California Department of Tax and Fee Administration, there has been $19,262,487,673 in marijuana and marijuana products sold between Q1, 2018 and Q3, 2022.A smaller, but still considerable portion of the revenue was garnered from California’s marijuana cultivation tax.Q3, 2021 was the most profitable quarter thus far, with $361 million in marijuana taxes brought in from a little over $1.5 billion in sales.A full quarter-by-quarter breakdown of marijuana sales and tax revenue in California can be found by clicking here."

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