According to data released by the California Department of Tax and Fee Administration, California Made $216 million in tax revenue from legal marijuana between January and April of this year.
As of May 16 California made $216.2 million from the legal distribution of roughly $1.2 billion worth of marijuana and marijuana products including hash, tinctures and edibles. $104.3 million came from the state’s marijuana excise tax, while $111.9 million came from the state sales tax.
The $216 million made in Q1, 2023 is a 12% decrease from the $248 million made during the same quart last year. It’s also less than the $320 million made in Q1, 2021, but is roughly on part with the $218 million in Q1, 2020, and more than the $131 million made in Q1, 2019.
California has now garnered almost $5 billion in marijuana taxes since the start of legal sales in 2018.
Anthony Martinelli is the founder and editor-in-chief of The Marijuana Herald. He also founded TheJointBlog.com, a cannabis news site he launched in 2011 and sold in 2019, serving as its editor-in-chief during that time. He has worked as a campaign manager and communications director for multiple political campaigns and elected officials. Anthony can be reached at Info@TheMarijuanaHerald.com.
As of May 16 California made $216.2 million from the legal distribution of roughly $1.2 billion worth of marijuana and marijuana products including hash, tinctures and edibles. $104.3 million came from the state’s marijuana excise tax, while $111.9 million came from the state sales tax.
