A flowering marijuana plant in a California destined to be used for medicinal purposes in California. (Photo: PRO Stock Professional
The California cannabis conundrum: A lot more weed, a lot less money. Since Proposition 64 took effect earlier this year, the cannabis industry has raked in nearly $135 million of revenue for the state through sales taxes, not including local jurisdiction taxes. Even with increased sales each quarter, some officials are calling the revenue “substantially below projections.”
Hey, Big Daddy,
Why do some pieces of legislation seem like they don’t really do anything?
— Puzzled in Petrolia
Don’t kid yourself. There’s a reason why every bill is introduced. Like that old sourpuss Ecclesiastes says, everything under heaven has a purpose. Something like that.
The purpose of every bill isn’t to be signed