Projected CA Pot Taxes Maybe Half Of What Was Expected

California is expected to collect about half as much from cannabis taxes as expected.  According to the budget proposed by Governor Newsom, the state will bring in 355-million dollars in marijuana excise taxes by the end of next June.

Revenue is expected to be about half as much from cannabis taxes as expected.

Industry experts say the shortfall is likely because many pot consumers still by it illegally.

Meanwhile, the budget recommends spending over 200-million dollars for marijuana-related activities, which would be more than a 50 percent increase from the current year.

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