Connect with us

California: 4 billion in cannabis sales for 2018?

Published

8 years ago

on

Follow Newsweed on Google
Cannabis sales in California

When the California legalized cannabis last January, the question wasn't so much whether Californians would legally buy their cannabis, but for how much. And only 3 months after legalizing, some are starting to get an idea.

ADVERTISING

The state will officially announce the first figures next May, but according to the San Diego Union Tribune, Sales for the first quarter of 2018 could exceed one billion dollars. At the same pace, that would be more than 4 billion for 2018.

To compare, the states of Colorado and Washington, much smaller than California, both surpassed one billion in sales last year. The Colorado reached $1.5 billion, up 15% from 2016 and 30% between 2015 and 2016.

In California, the legal market is not yet fully deployed, and many adjustments are still to come. High sales taxes have indeed short-circuited some sales, which have remained on the gray market. Local governments could therefore lower certain taxes to encourage the emergence of the legal market.

According to a report released yesterday, the Total cannabis sales could exceed $75 billion by 2030, a figure comparable to soda sales in 2017. California is expected to contribute a large part of this total.

ADVERTISING

DON'T MISS ANY NEWS, SUBSCRIBE TO THE NEWSWEED NEWSLETTER!

1 newsletter per week,

every Wednesday!

We don't spam! See our privacy policy for more information.

ADVERTISING

Aurélien founded Newsweed in 2015. Particularly interested in international regulations and the various cannabis markets, he also has an extensive knowledge of the plant and its uses.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Sweet Seeds
Silent Seeds

The child who legalized CBD in the world

Partner websites

Follow all the latest news about vaporizers on LesVapos, tests and buying advice for dried herb vaporizers and concentrates.

Buy cannabis seeds feminized and autoflowering direct from Barney's Farm in Amsterdam, free seeds with every order.

If you're in the UK and need some amazing Cali Weed Strain Seeds, Barney's Farm has the best selection.

Buy the best feminized cannabis seeds from Original Sensible Seeds, including their flagship variety Bruce Banner #3.

Discover the CBD flowers with Le Chanvrier Français

Mon-Cbd-Francais.com is the online CBD wholesaler for professionals. Benefit from wholesale prices, delivery (within 24 hours), recognized brands, analyzed and controlled products.

Weecl is the leading French B2B supplier in cannabinoids. They master the entire production chain to offer you the very best products.

Deli Hemp Pro, CBD wholesaler to ensure your store's success!

Find your happiness with the best of CBD on the CBD.fr online store, the leader in France since 2003.

Silent Seeds offers Dinafem feminized cannabis seeds, a historic brand and cannabis seed bank since 2005.

With CBDOO, Access a wide range of carefully selected CBD varieties at a fair price.

CBD Discounter, Your cheap CBD expert: low prices on flowers, resins, oils, vapes and derivatives: 10-OH-HHC, CBDP, CBG9, CBDX... Premium quality and 24-hour delivery.

Trending