In California, more than $340 million worth of legal marijuana and related products (including edibles, concentrates, and more) were sold in August.
(Photo credit: Getty Images).
According to data released by the research firm Headset, licensed marijuana stores in California recorded $343.1 million in sales in August.
So far this year, marijuana sales in California have reached approximately $2.8 billion. Last week the California Department of Tax and Fee Administration reported that the state garnered $263.1 million in marijuana tax revenue in the second quarter of this year.
In August, marijuana flower accounted for the largest share of sales at $112 million, followed by vape products at $96 million, pre-rolls at $60 million, edibles at $37 million, concentrates at $19 million, and other products (such as beverages and capsules) at $17 million.
California legalized marijuana in 2016, following the lead of Colorado and Washington, which became the first states to do so in 2012. The law permits adults 21 and older to purchase, possess, and use marijuana, as well as cultivate it for personal use at their residences.
The state’s tax structure for recreational marijuana includes several components. California levies a 15% excise tax on the gross receipts from cannabis sales, in addition to a state sales tax that ranges from 7.25% to 10.75%.
Previously, California also imposed a cultivation tax on cannabis entering the commercial market, but this was eliminated as of July 1, 2022.
Late last month California’s Legislature passed legislation to legalize marijuana cafés, sending it to Governor Newsom. The legislature also passed to a bill that would allow licensed marijuana growers to sell their products directly to consumers at farmers markets
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