California Cannabis Sales Declined in 2022

Finalized data from the California Department of Tax and Fee Administration shows that California cannabis sales declined in 2022. The decrease in sales is the first dip since adult-use sales began in 2018.

In 2021, the state collected $5.77 billion in adult-use cannabis sales, but 2022 numbers reflect only $5.3 billion for the past year—an $8.2% decrease. According to coverage by Forbes, many believe that expensive taxes and not enough dispensaries have contributed to this decline.

Cannabis cultivators in California have been trying to tell legislators about the issue. “Most of us farmers have been trying to tell the state

The post California Cannabis Sales Declined in 2022 appeared first on GrowCola.com.

Finalized data from the California Department of Tax and Fee Administration shows that California cannabis sales declined in 2022. The… Continue reading
The post California Cannabis Sales Declined in 2022 appeared first on GrowCola.com. 

Leave a Reply

Your email address will not be published. Required fields are marked *

× Whatsapp