California made over a quarter of a billion dollars in marijuana taxes in the third quarter of this year.
According to the California Department of Tax and Fee Administration, California garnered $269.3 million in taxes from the legal distribution of marijuana in the third quarter, which covers July, August and September. During that period there was around $1.1 billion in marijuana and marijuana products purchased. Purchases include dried marijuana flower and shake as well as marijuana products including concentrates, edibles and topicals.
$156.9 million of the taxes the state brought in came from the state’s marijuana excise tax, while $112.4 came from the state’s sales tax.
The roughly $270 million garnered in Q3 is a slight decrease from the $285 million made during the second quarter which covers April, May and June.
The total amount of taxes brought in from marijuana sales since the first recreational outlet opened in January, 2018 is now almost $5.5 billion.
California legalized marijuana in 2016, four years after Colorado and Washington became the first states to do so. The law allows those 21 and older to purchase, possess and use marijuana, while also allowing them to grow marijuana for personal use at a private residence.
