California cannabis industry tax revenue growing

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California cannabis industry tax revenue growing

By Staff Report / Friday, February 22nd, 2019 / Comments Off on California cannabis industry tax revenue growing

The cannabis industry generated $103.3 million in state cultivation, excise and sales taxes for the fourth quarter of 2018, according to the California Department of Tax and Fee Administration. That figure does not include tax revenue collected by each local jurisdiction. As of Feb. 14, California’s cannabis excise tax generated $50.8 million in fourth quarter…

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