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Finalized data from the California Department of Tax and Fee Administration shows that California cannabis sales declined in 2022. The decrease in sales is the first dip since adult-use sales began in 2018. In 2021, the state collected $5.77 billion in adult-use cannabis sales, but 2022 numbers reflect only $5.3 billion for the past year—an…

The California Department of Tax and Fee Administration has released final data that shows California’s cannabis sales have declined since 2022. This is the first decline in cannabis sales since 2018, when adult-use sales started. The state had $5.77 billion of adult-use marijuana sales in 2021. However, 2022 figures reflect only $5.3 Billion for the…