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California Cannabis Tax Revenue Isn’t Meeting Projections, So Public Officials Are Getting Conservative With New Estimates

Earlier this year, in May, California Gov. Gavin Newsom’s office amended its 2019 and 2020 cannabis revenue tax projections: from $355 million to $288 million (in 2019) and from $514 million to $359 million (in 2020). Something similar happened in Sonoma County, where supervisors saw a shortfall in tax revenue in the 2017-2018 fiscal year and adjusted the 2018-2019 fiscal year projections.

Source: California Cannabis Tax Revenue Isn’t Meeting Projections, So Public Officials Are Getting Conservative With New Estimates

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