As one of the first states to legalize marijuana and the largest state by population, California leads the way in cannabis sales in the United States. In the second quarter of 2021 specifically, California trumped all other states with a total of $1.36 billion in taxable cannabis sales. In comparison, Colorado didn’t see even that much revenue in both quarters this year combined, with only $1.15 billion in cannabis sales.
This doesn’t come as much of a surprise, partly due to California holding some of the largest cannabis farms and dispensaries in the US. But nonetheless, it is exciting to hear about the numbers each quarter.
Taxable sales rose 11.2% between Q1 and Q2 in 2021. The first quarter of the year finished with just over $1.2 billion in taxable cannabis sales. Between Q1 and Q2, cannabis sales in California totaled to almost $2.6 billion.
Q1 numbers were slightly lower than Q3 and Q4 of last year, though. Nonetheless, these statistics still look promising, and the slight dip in Q1 doesn’t raise much concern. With the fairly large rise in sales between Q1 and Q2 of this year, we can likely expect numbers to continue rising either way.
California Cannabis Sales Brought in a High Amount of Tax Dollars for the State
Although taxable sales in Q1 of 2021 were slightly less than the last quarter of 2020, the total tax came out to about the same amount: roughly $304.75 million. 2021 Q2 taxes were slightly higher at $333.2 million. Those that still may be against cannabis should be happy to hear this report. There’s an insane amount of tax dollars actively coming in through the California legal marijuana industry.
Image via @california on Instagram
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