Total cannabis tax revenue for the state has dropped 11% to $237.4 million in the first quarter. The double-digit drop shows an ongoing downward trend in all categories, prompting operators to pivot ...

California just lowered its cannabis tax from 19% to 15%, to keep people buying on the legal market. But youth groups and drug-prevention programs that get much of that tax revenue are concerned.

California’s independent legislative analyst warns the state faces a nearly $18 billion deficit. It is “critical” for ...

California's analyst office warns AI-driven tax windfalls may prove temporary as an $18 billion budget gap and structural ...

California lawmakers and the governor have one main responsibility: to figure out how to use taxpayer dollars. California Legislative Analyst Gabe Petek and Gov. Newsom's Department of Finance ...

California’s coffers have increased by about $11 billion, yet the state deficit is on track to hit about $18 billion in the ...

California’s cannabis market has suffered 15 consecutive quarters of revenue decline, prompting urgent calls for tax reform. The downturn has pressured some operators to diversify. Total tax -2025 Q1: ...