The Expected Windfall From Legalized Marijuana Just Isn’t Materializing
Local bickering over retail and cultivation licensing protocols and limits and the existence of a well-established illegal marketplace have put a damper on optimistic predictions.
San Francisco Chronicle:
Cannabis Tax Revenue In California Falls Far Short Of Projections
State taxes on legal marijuana sales in California are coming in far short of projections — $34 million in the first quarter of 2018, about a third of the revenue that officials anticipated, according to data released Wednesday by the Legislative Analyst’s Office. (Fimrite, 5/9)