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California Cannabis Sales Dip Below $4 Billion Amid Tax Turmoil

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California Cannabis Sales Dip Below $4 Billion Amid Tax Turmoil

Licensed California cannabis dealers reported3.9 billion dollarsCannabis sales in 2025 are down significantly from $4.2 billion in 2024, according to government data released Thursday.

It is also the third straight year of decline in the country’s largest market. Cannabis sales in California will reach $4.4 billion in 2023, according to the state Department of Revenue.

Athe excise tax has since been abolishedthe increase, which took effect July 1, also may have contributed to lower sales in the nation’s largest legal hemp market.

But sales in the fourth quarter — after the tax hike was reversed on Oct. 1 — were still well below the same period a year ago, according to DTFA data.

To read the rest of this article on MJ Biz Daily, Click here

Post Cannabis sales in California have fallen below $4 billion amid tax turmoil first appeared on Marijuana Retail Report – News and information for cannabis retailers.

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A Chat With Clint Kellum Of California’s Department Of Cannabis Control

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A Chat With Clint Kellum Of California’s Department Of Cannabis Control

CAPITOL WEEKLY PODCAST: Welcome today Clint Kellum the new (as of November 2025) director of the California Department of Cannabis Control. The CDCC licenses and regulates the business of cannabis, including the regulation of cannabis growers, the production of cannabis products, and the sale, transportation and tracking of cannabis products. Immediately after that, Kellum took the reins Governor Newsom signed AB 564, a bill that would restore the state’s hemp excise tax rate to 15% through 2028, giving hope to California’s struggling legal hemp market after several difficult years. Kellum explains what AB 564 means for the industry and the state, and looks at the challenges and opportunities ahead. And as always, we tell you who had the worst week in California politics.

Source: The Capitol Weekly Podcast

Post Chat with Clint Kellum of the California Department of Cannabis Control first appeared on Marijuana Retail Report – News and information for cannabis retailers.

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Catalyst Cannabis took over this week

Planet 13 was supposed to revolutionize legal cannabis. The a marijuana supermarket opened five years ago in Orange County with fanfare and predictions that walls of TV screens and a massive footprint will change the way everyone buys weed.

Instead, he crumbled under the weight of his own eight-tentacled statue.

The store’s parent company, Planet 13 Holdings, announced in November what it was sale of the 55,000-square-foot Santa Ana storeknown as Planet 13 Santa Ana, after millions of dollars in losses. California-based cannabis chain Catalyst Cannabis took over the store this week, CEO Elliot Lewis said SFGATE, convinced that the fate of California’s largest retail cannabis store was sealed.

To read the rest of this article on SF Gate, Click here

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