Apr 11, 2018

California green rush boom or bust?


"In the first two months of cannabis legalization, consumers bought an estimated $339 million worth of marijuana products from retailers in California, 13 percent less than state projections, according to a leading analytics firm."



Alex Traverso, spokesman for the state Bureau of Cannabis Control, declined to comment on the BDS revenue estimates, saying the agency is waiting for the official state report on revenues.

The low sales figures come as the cannabis industry has been complaining about how high taxes and local-government bans are driving consumers to the black and gray markets.

https://www.google.com/amp/amp.sacbee.com/news/state/california/california-weed/article208196024.htm

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