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California on track to collect $1 billion in cannabis taxes in 2020

The Press Democrat · Bill Swindell · last updated

California is on pace to collect $1 billion in taxes from licensed cannabis sales in 2020, even amid challenges of the coronavirus pandemic and a still thriving black market for it, Gov. Gavin Newsom’s senior adviser on cannabis business said Thursday.

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Both medical and recreational cannabis are legal in California.

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