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California pot taxes lag as illegal market flourishes

by / No Comments / 0 View / January 10, 2019

By MICHAEL R. BLOOD

LOS ANGELES (AP) – Deep in Gov. Gavin Newsom’s new budget is a figure that says a lot about California’s shaky legal marijuana market: The state is expecting a lot less cash coming in from cannabis taxes.

The Democrat’s proposed spending plan, released Thursday, projects the state will bank $355 …

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Via: California pot taxes lag as illegal market flourishes