Connect with us

California

California Cannabis Sales Dip Below $4 Billion Amid Tax Turmoil

Published

on

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.

adult use

San Francisco to Consider Allowing Cannabis Cafes

Published

on

By

San Francisco to Consider Allowing Cannabis Cafes

Officials in San Francisco, California, will soon consider allowing cannabis cafes, Bay City News reports. Rafael Mandelman, president of the County Board of Supervisors and District 8 representative, indicated he planned to introduce an ordinance to the board this week to amend city codes to allow businesses.

“We need to support our legal cannabis industry. Too often and in too many ways in San Francisco and in California, we do the opposite.” – Mandelman, via Bay City News

Mandelman indicated the proposal would change city codes related to health, law enforcement, planning and taxes.

Allowing food and drink sales in cannabis cafes was legalized nationwide in 2024. Businesses can sell non-cannabis products such as pastries, snacks and soft drinks. So far, cannabis cafes have opened in Sacramento, San Diego and West Hollywood.

According to state Assemblyman Matt Haney (D), who authored the bill to legalize cannabis cafes, legal cannabis sales in California have fallen by 20% since 2021, and social utility businesses can help revitalize the industry.

“It’s also about culture and community,” Haney said during a press conference Monday, “and what it means for us to be a country that shapes what cannabis culture looks like to the whole world.”

Continue Reading

California

Marijuana Retail Report

Published

on

By

Marijuana Retail Report



For centuries, the hemp flower has been king

Generation Z has lost the old dynamics in the cannabis industry.

For centuries, the hemp flower has been the king of marijuana. And since legalization, flowers have always been the most popular item at legal pot shops in California. But now that dominance is over, thanks mostly to Gen Z. Cannabis Vape surpassed the flower in June and are consistently the best-selling product category in California, according to the state.

California shoppers spent more than 10% more on cannabis-infused vapes last month than flower, and more than 170% more on vapes than on food, according to state data.

This growth is driven primarily by Gen Z, which has a strong preference for portable vapes and is the first generation to prefer vape pens over any other cannabis product, according to data provided to SFGATE by cannabis analytics company Headset. In the last 12 months of national pot sales, Gen Z spent 38% of their money on vapor pens and only 32.5% on flowers, the next most popular category. This is in contrast to millennials, who spent 40.1% of their money on flowers and only 25.7% on vapes.

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

Continue Reading

California

Marijuana Retail Report

Published

on

By

Marijuana Retail Report



More than 500 of the roughly 700 licensed cannabis businesses must

Los Angeles cannabis businesses with tax arrears won’t have to pay late fees and interest under an “amnesty” program proposed by the City Council.

To qualify, businesses would have to pay city taxes for three years.

The council voted unanimously Tuesday to allow the Office of Finance to draft language creating the program, and comes as city leaders look for money to cover basic services after closing a $1 billion budget deficit.

More than 500 of the city’s approximately 700 licensed cannabis businesses collectively owe about $400 million in taxes — a sum that includes $100 million in fines and $35 million in interest, according to an October report from the Treasury Department.

The total amount owed has increased to $417 million as of December, according to Matthew Crawford, assistant director of the office.

To read the rest of this article on the LA Times, Click here

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media