Report Finds CA Cannabis Revenue Underwhelming
The state earned 13% less in cannabis revenue than it had expected to during the first months of legalization, according to a new analysis from BDS Analytics.
The Boulder-based firm provided its report to the Sacramento Bee. It relied on data collected from dispensaries, aggregated using statistical models for projected sales.
The findings seem to bolster experts’ opinions that burdensome taxes and regulation are stifling the legal market. But some self-correction may already be ocurring as more cities and counties move to establish regulated markets.
According to the report, consumers purchased an estimated $339 million worth of cannabis in California during the first two months of 2018.
Read more about the findings here.