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California Cannabis Industry Has Provided $2.8 Billion in Tax Revenue Since 2018

SpeedWeed

million in total program tax revenue, according to the California Department of Tax and Fee Administration (CDTFA). Since the state launched its first adult-use sales in January 2018, the cannabis industry has provided a total program revenue of $2.8 California’s adult-use industry reported nearly $1.4 Bringing in $40.4

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. of the population enrolled.

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Best Marijuana Collectives in California

The Herb Collective

According to 2018 statistics , California makes more money from weed sales than any other state, including Colorado and Washington. Many dispensaries in California operate as marijuana collectives. Whether you need weed for recreational or medical purposes, here are some of the best marijuana collectives in California.

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MJ Biz : Oakland sends social equity marijuana licensees to collections over unpaid loans

Cannabis Law Report

Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. million in loans from the city that were issued beginning in late 2018. MJ Biz report.

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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

States collected an estimated $1.3 billion in tax revenue from legal cannabis sales in 2018. Consequently, small businesses in states with some form of legal cannabis must choose between remaining eligible for SBA loan programs, or doing business with a rapidly-growing and legal industry.

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State of the States: 2020 Ballot Initiative Efforts

NORML

Activists have been working for months registering new voters, collecting signatures, and educating the public, in hopes of giving voters in their state the opportunity to make their voices heard and cast their vote for marijuana. Status : Minimum # of signatures collected. Only adults at least 21 years of age could use cannabis.

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Santa Barbara County Collects $6.7 Million in Cannabis Taxes in First Year

Cannabis Law Report

Most of the revenues have paid for enforcement, permit processing, and other costs related to the cannabis program, but they can be used for any general fund purposes. million of cannabis tax revenues in the 2018-19 year, which ended June 30. million in cannabis program costs for the current fiscal year. The county expected $5.45