Bloomberg: California Setting Rules for Finding Pot’s Napa Valley

The state also has a vested interest in protecting pot’s reputation. California cannabis, both recreational and medicinal, generated $395.4 million in taxes in 2018 and $629.2 million in 2019, the Institute on Taxation and Economic Policy said. California cannabis sales accounted for one-third of the $1.9 billion in tax revenue raised nationwide last year, according to a March 10 blog post by Carl Davis, research director for the nonprofit, nonpartisan think tank. Read more