California’s Cannabis Sales Declined In 2022, The First Time Since Legalization

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The state generated $5.3 billion in legal sales last year, an 8.2% drop from 2021 and the first since the adult-use market launched in 2018. Here’s what that means for New York and other states.

Green Acreage: Glass House Brands’ 1.5-million-square-foot greenhouse in Camarillo, California, will eventually bring 200,000 pounds of pot to market, more than the state needs.nnual legal cannabis sales in California decreased for the first time since the nation’s biggest pot market launched recreational sales nearly five years ago. In 2022, legal sales reached $5.3 billion, according toby the California Department of Tax and Fee Administration, down 8.2% from $5.77 billion in 2021.

“Most of us farmers have been trying to tell the state [regulators] that the marketplace is imploding,” says Casali. “The drop in retail sales means the customer is tired of paying the exorbitant taxes and are now buying it from a friend of a friend or the guy on the corner.”

 

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All they have to do is make it stronger. 😂

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