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  • California pot taxes lag as illegal market flourishes

    01/11/2019 11:11:52 AM PST · by familyop · 31 replies
    ASSOCIATED PRESS ^ | January 11, 2019 | MICHAEL R. BLOOD
    Industry experts say the diminished tax income reflects a somber reality: Most consumers are continuing to purchase pot in the illegal marketplace, where they avoid taxes...Newsom also recommended a sharp increase in spending for regulatory programs, although it’s an open question whether it will be enough to help steady the state pot economy. The budget recommends just over $200 million for marijuana-related activities in the fiscal year...