Marijuana tax windfall fails to materialize in California – Pot Tax 101 for Pennsylvania?

5/10/19–A thriving underground marijuana market and slower than projected legal sales have caused California to slash the windfall of tax revenue it expected to reap after legalizing the drug. The state is now projecting weed taxes will amount to $288 million for the year that ends in June, and $359 million for the following year. That’s a reduction of $67 million and $156 million, respectively, from Gov. Gavin Newsom’s January budget forecast. Read