The California Department of Tax and Fee Administration (CDTFA) reported that cannabis tax revenue for the third quarter of 2023 hit $269.3 million. This includes California's cannabis excise tax, which generated $156.9 million, and $112.4 million in sales tax revenue from cannabis businesses.
Marijuana taxes are pouring millions of dollars into state and local coffers. ABC 10News Anchor Jared Aarons found out how much and where all that money goes.