California Cannabis sales down 11% for the first quarter – MEDCAN24

California’s legal cannabis sales dropped by 11% in the first three months of the year compared with the same period last year. This is the biggest drop in sales ever recorded in California. SFGate reports. The first-quarter sales totaled $1.08 billion. 

Tamma Adamek, a spokesperson for the California Department of Tax and Fee Administration, told SFGate that comparing quarter-by-quarter totals is like comparing “apples to oranges” because tax figures are always being updated as more shops file their tax reports and that officials “know that gap will shrink.” 

A state Department of Cannabis Control has confirmed the findings of a recent study. Analysis of the Various In 2024, the legal cannabis market will only account for 38% of California’s total cannabis market. The report noted challenges faced by cannabis companies, including a 57% decline, adjusted for inflation, in wholesale cannabis prices as of Q4 2024 compared to average prices in Q4 2020; a 46% decline in indoor-cultivated cannabis prices; a 74% drop in outdoor-cultivated cannabis prices down; and a 60% reduction in mixed-light-cultivated cannabis prices during the same period. This report indicates that retail prices will continue to drop through 2024’s first half.  

The state’s excise taxes will rise from 15% to 19.5% on July 1. This could lead to a further contraction of the cannabis market by pushing more people into unlicensed markets. According to a report published in March, the state excise tax will increase from 15% to 19% on July 1. This could further contract the market and push more consumers into unlicensed markets. Updated on September 29, 2009California Legislative Analyst’s Office said that “tax increases will shrink the licensed marijuana market.” They also stated, “tax hikes only account for a tiny portion of revenue raised from the tax increase.”   

Gavin Newsom (D) has introduced a bill that would block tax increases. This measure passed through the House of Representatives, but needs to pass the Senate before it can become law. Gavin Newsom (D).   

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Cannabis Law Resources in Poland

Browse essential legal pages on cannabis sales and cultivation in Poland. These guides will help you understand the legal requirements, such as certifications and permissions.

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  Polish News Registration and Interests of Cannabis Businesses
  
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  Permission for Manufacturing or Importing Medical Products
  
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  Certificate of Good Manufacturing Practices (GMP)
  
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  Registration of Medical Products in Poland