Santa Barbara County’s Cannabis Revenues Continue Long, Slow Slide
Cannabis taxes for the last fiscal year generated $3.5 million less than the county’s average for its first seven years of legal cultivation and retail sales.
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Cannabis taxes for the last fiscal year generated $3.5 million less than the county’s average for its first seven years of legal cultivation and retail sales.
California’s legal weed industry is still overshadowed by the larger black market. A new state law gives businesses a break by delaying a tax increase.
The County Board of Supervisors discussed two cannabis-related items during its August 19 hearing.
Federal agents arrested hundreds of workers after immigration sweeps at a California cannabis company, stoking fears that President Trump might target the marijuana industry.
California’s excise tax on legal weed is increasing, despite efforts to keep it lower to help the struggling industry. Lawmakers left it out of the state budget they passed Monday.
The third quarter report showed tax revenues fell below the expected projections for Fiscal Year 2024-25.
Shrinking revenues and fewer raids lead supervisors to shift funds elsewhere.
A Buellton-area winemaker is asking the courts to allow his class-action lawsuit over the “strong stench” of pot to proceed to trial.
The Sheriff’s Office will take the biggest hit. In a surprise move, the board signaled it may shift law enforcement funds to health, education and youth programs.
Following an appeal from the County of Santa Barbara, the court de-published a ruling that said cannabis is illegal in California based on its illegality at the federal level.