California’s cannabis taxes during the first nine months of 2020 was $775 million, on track to exceed $1 billion for the year. All three categories surged: Excise Tax (+89%), Cultivation Tax (+80%), and Sales Tax (+67%).

In Q1, cannabis tax revenues surged by $76 million year-over-year to $206 million. Cannabis tax revenues in Q3 soared by a record 80% year-over-year ($136M), to $307 million.

California cannabis tax revenues have been surging by around $60 million every quarter compared to the same quarter a year earlier, since the beginning of legalization in January 2018.

Show Notes:
On Fumes Of Stimulus & Frustration: California Legal Cannabis Sales Explode
https://www.zerohedge.com/political/fumes-stimulus-frustration-california-legal-cannabis-sales-explode

Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/

Episode 602 of The Talking Hedge:
Your Cannabis Business Podcast.
​Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com

Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats

Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.