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Have Marijuana Tax Revenues Fallen Short of the Mark for Many States?

Written by on July 23, 2021

California did have a very slow roll out due to their enormously high taxes on cannabis which at one point was estimated to be taxed at 40%. This led to roughly $3.1 billion in 2019, with roughly $8.7 billion going to the black market. It’s safe to say that California is not hitting their targets.