The California Department of Tax and Fee Administration reported revenue numbers this week for cannabis sales for the third quarter of 2020. As of November 16, California’s cannabis excise tax generated $159.8 million in revenue and the cultivation tax generated $41.0 million.
Sales tax from cannabis businesses totaled $105.9 million in revenue for the same period. Sales tax applies to sales of cannabis, cannabis products, and other tangible personal property. Certain retail sales of medicinal cannabis are exempt from sales and use taxes. These figures do not include tax revenue collected by each jurisdiction.
