Marijuana Tax Revenue Is Through The Roof In California

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California Sets A New Marijuana Tax Revenue Record Beyond just looking at investing in marijuana stocks there are other areas of the industry. This figure includes $1.4 billion in excise tax, $347.4 million in cultivation tax, and $1 billion in sales tax. The nonpartisan Legislative Analyst’s Office said combined excise and cultivation tax revenue for the fourth quarter was about $212 million. In Q1 the amount of tax revenue made was revised in the new report. Cannabis In California Is Still A Cash Cow For the fiscal 2020-2021 yea California has made approximately $1 billion with close to $817 million in recreational cannabis tax money.

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California Sets A New Marijuana Tax Revenue Record

Beyond just looking at investing in marijuana stocks there are other areas of the industry. Yet even though now looks to be a good time to find top cannabis stocks to buy. Currently, outside of the market, the cannabis industry is continuing to boom in a major way. For starters, more states are going legal which is only adding more value to the overall industry.

As of now more than half of the United States...

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