Weaker-than-expected marijuana sales ding California budget - News Summed Up

Weaker-than-expected marijuana sales ding California budget


The reduced income for the state treasury means that slower-than-expected pot sales are punching a hole in California's budget. But he also pointed a finger at local communities that have been resistant to legal sales and growing. A projected windfall of tax revenue was a major selling point for legal cannabis in California. In fact, Proposition 64, the law approved by voters in 2016 that opened the way for legal pot sales for adults, outlined a long list of programs that would benefit from tax dollars collected from pot sales. Additionally, the number of places where you can buy legal pot remains limited.


Source: ABC News May 09, 2019 22:22 UTC



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