Ca obtained $60.9M in cannabis income tax income for 1st quarter of 2018
Ca exposed the by launching legal sales of recreational year cannabis on January 1. Yet again the quarter that is first over, it is about time their state gives us a sense of just exactly how its cannabis that are recreational has fared up to now.
Based on the Department of Tax and Fee Administration, Ca made $60.9 million in income tax revenue from cannabis sales into the quarter that is first of this current year.
The agency stated that the income gathered by the state contains cultivation, excise and product sales taxes, yet it generally does not consist of local taxation income that has been gathered by its counties that are various towns.
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The break down of the cannabis taxes obtained into the quarter that is first as follows:
California’s cannabis excise income income tax generated $32 million in income.
The cultivation tax generated $1.6 million.
The product sales taxation produced $27.3 million in income. Read more “Ca obtained $60.9M in cannabis income tax income for 1st quarter of 2018”