When we voted to legalize marijuana, I wrote that this was just a scam, a coverup to PROTECT the drug cartels. Information released today shows I was right. The use of marijuana is up, but the purchase at sanctioned stores are down. When a cop pulls you over and sees marijuana, how do they know it is legal marijuana or cartel marijuana? Sacramento is in bed with the cartels.
“The department also announced that the fourth quarter returns from last year have been revised to $255.5 million.
- That is up from $219 million, which was the lowest quarter for the state’s cannabis tax revenue since the start of 2020. Every quarter since the first quarter of 2020 has reported at least $249 million in tax revenue. As it stands now, the first quarter revenue from this year is now the single-lowest quarter in five years.
- California had the $36 million increase because of amended and late returns, as well as returns filed by Los Angeles County taxpayers who were granted a three-month return filing and payment extension due to the devastating wildfires at the beginning of the year.”
Cannabis tax revenue takes first quarter hit
The state’s tax revenue from legal cannabis had a down start to the year.
by Daniel Gligich, The Sun, 6/5/25 https://sjvsun.com/business/cannabis/cannabis-tax-revenue-takes-first-quarter-hit/
California’s cannabis tax revenue decreased in the first quarter of 2025.
The big picture: The California Department of Tax and Fee Administration (CDTFA) reported that the total first quarter returns is $237.4 million.
- That total was comprised of $140.6 million from the cannabis excise tax and $96.8 million of the sales tax.
State of play: The department also announced that the fourth quarter returns from last year have been revised to $255.5 million.
- That is up from $219 million, which was the lowest quarter for the state’s cannabis tax revenue since the start of 2020. Every quarter since the first quarter of 2020 has reported at least $249 million in tax revenue. As it stands now, the first quarter revenue from this year is now the single-lowest quarter in five years.
- California had the $36 million increase because of amended and late returns, as well as returns filed by Los Angeles County taxpayers who were granted a three-month return filing and payment extension due to the devastating wildfires at the beginning of the year.
What we’re watching: Reported first quarter revenue will likely increase later in the year as late and amended filings come in.
Zoom out: California has collected over $7 billion in tax revenue since January 2018, which includes $3.7 billion in the excise tax and $2.8 billion in the sales tax.
- That total also includes $500.6 million in the cultivation tax, which was eliminated three years ago.
