Saturday, July 19, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

California made BANK in marijuana tax revenue this fiscal year

Graham Cooper by Graham Cooper
August 24, 2021
in Business, Featured
Share on FacebookShare on Twitter
664

At this point it’s no shocker that states have made lots of money from marijuana sales during the pandemic. It makes sense. With people stuck inside, they’re smoking more than ever before, even during the work day. This, in addition to astronomical tax rates in some population hubs in the state puts California in a prime position to make a killing off of the plant.

And so they have. Within the last fiscal year, California made $817 million in marijuana tax revenue. That’s a 55% increase from the year before.

Preliminary tally of 2020-21 cannabis tax revenue: $817 million. https://t.co/H7PAegOcwV pic.twitter.com/v3U0S1UHOb

— California Economy & Taxes (@LAOEconTax) August 23, 2021

From the looks of the graph, it seems this upward trend may have begun to plateau, but that’s a pretty nice place to be plateauing. Only recently, California surpassed the $1 billion mark in marijuana sales. Now, they’re coming up on that same milestone in just tax revenue. The next step is to make sure this money goes to the right places, such as social equity.

Visits: 771
Previous Post

An active ingredient in vape pens may carries serious health risks

Next Post

Who’s Gonna benefit from Schumer’s Weed Legalization Bill?

Graham Cooper

Graham Cooper

Next Post
Who’s Gonna benefit from Schumer’s Weed Legalization Bill?

Who's Gonna benefit from Schumer's Weed Legalization Bill?

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Laura Ingraham blames marijuana for mass shootings

Laura Ingraham blames marijuana for mass shootings

June 16, 2022
Hemp Does Wonders for the Car Industry

Hemp Does Wonders for the Car Industry

March 14, 2022
The Ohio vote changes nothing for Biden’s stance on Marijuana

The Ohio vote changes nothing for Biden’s stance on Marijuana

0
A New Study Shows The Link Between Legalization Of Medical Marijuana And Reduced Opioid Use

A New Study Shows The Link Between Legalization Of Medical Marijuana And Reduced Opioid Use

0
FBI Busts Chinese Nationalist Drug Ring, Found Exploiting US Immigration Laws

FBI Busts Chinese Nationalist Drug Ring, Found Exploiting US Immigration Laws

July 16, 2025
California’s Cannabis Tax went up even more

California’s Cannabis Tax went up even more

July 15, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Latest News
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

FBI Busts Chinese Nationalist Drug Ring, Found Exploiting US Immigration Laws

FBI Busts Chinese Nationalist Drug Ring, Found Exploiting US Immigration Laws

July 16, 2025
California’s Cannabis Tax went up even more

California’s Cannabis Tax went up even more

July 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp