California Department of Tax and Fee Administration Reports Cannabis Tax Revenues for the First Quarter of 2022

Sacramento – The California Department of Tax and Fee Administration (CDTFA) reported cannabis revenue today for the first quarter of 2022. As of May 17, 2022, total cannabis tax revenue from first-quarter returns is $293.54 million. This includes California’s cannabis excise tax, which generated $156.36 million; the cultivation tax, which generated $32.68 million; and $104.50 million […]