San Diego Officials Brace for Plunging Cannabis Revenue

City officials in San Diego are anticipating a steep drop in tax revenue from cannabis sales this year, as California’s regulated marijuana market continues to face difficult headwinds. 

The San Diego Union-Tribune reported on Tuesday that “San Diego officials say they now expect cannabis tax revenue to be 23 percent lower than they had previously expected during the ongoing fiscal year that ends June 30 — $19.8 million versus $25.7 million,” citing industry leaders who say that “the primary cause of their ‘double-digit’ drops in sales is illegal delivery services, which they estimate make up about half of the region’s

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City officials in San Diego are anticipating a steep drop in tax revenue from cannabis sales this year, as California’s… Continue reading
The post San Diego Officials Brace for Plunging Cannabis Revenue appeared first on GrowCola.com. 

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