California cannabis market generates nearly $8.4 billion in tax revenue since 2018
AI Summary- Gov. Gavin Newsom said California’s regulated cannabis market generated nearly $8.4 billion in tax revenue.
- $261.7 million in cannabis excise and sales taxes was remitted in 2026’s second quarter.
- California seized approximately $13.3 million in illicit cannabis and tobacco products from a Los Angeles County warehouse.