Home Economy Have Marijuana Tax Revenues Fallen Short of the Mark for Many States?

Have Marijuana Tax Revenues Fallen Short of the Mark for Many States?

by Team Marijuana News

California did have a very slow roll out due to their enormously high taxes on cannabis which at one point was estimated to be taxed at 40%. This led to roughly $3.1 billion in 2019, with roughly $8.7 billion going to the black market. It’s safe to say that California is not hitting their targets.

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