Cannabis sales and tax revenues continue to decline in California, falling for three straight quarters according to a recently released report from the state’s Department of Taxes and Fees Administration.
With sales totaling just more than $1 billion for cannabis products, and about $1.2 billion when including accessories, and combined excise and sales tax revenue of about $260 million in the first quarter of 2024, the figures are the lowest they’ve been since the second quarter of 2020.
