marijuana sales Archives - California Globe

Marijuana and Cannabis Businesses Recognized as Essential During Pandemic

March 24, 2020 4:45 pmMarch 24, 2020 4:47 pm

California Cannabis companies, which have been listed as ‘essential’ in California, have reported record profits and putting a large dent in black market sales amid the COVID-19 coronavirus outbreak. A new ‘essential’ When California Governor Gavin Newsom locked down the...

California Looks At Alternative Ways to Tax Marijuana

December 24, 2019 2:10 amDecember 23, 2019 9:21 pm

California currently taxes all marijuana twice. According to a new report by the Legislative Analyst’s Office, Marijuana sales should be taxed on THC content or total amount of sales. Weight and Excise The report goes on to say that...

Marijuana Industry Struggling As Black Market Sales Nearly Triple Legal Sales In California

November 27, 2019 4:06 pmDecember 2, 2019 12:32 pm

Estimates for 2019 Marijuana sales recently released by the state of California show that legal marijuana will have over $12 billion in sales. While seemingly high, only about $3 billion is to come from legal marijuana sales. The rest of...