05/22/2018

California’s marijuana tax collections lag below expectations

California probably won’t get a windfall in tax revenue from its newly legal marijuana market this year.

The state collected $34 million in cannabis taxes between January and March, according to an update released by the Legislative Analyst’s Office on Tuesday.

That’s behind the pace Gov. Jerry Brown projected in his January budget proposal. At the time, he anticipated that the state would gain about $175 million in revenue from cannabis taxes between January and June of this year.

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