California: $334 Million in Legal Marijuana Sold in September, Over $3.1 Billion So Far in 2024

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California marijuana sales saw a slight dip in September compared to August and July, but remained steady with over $330 million in total sales.

Licensed marijuana stores in California sold approximately $334 million worth of marijuana and related products (edibles, concentrates, etc.) in September, according to data from the research firm Headset. This represents a $9 million drop from the $343 million sold in August, and a 7% decline from September 2023.

Year-to-date marijuana sales in California have surpassed $3.1 billion. Recently, the California Department of Tax and Fee Administration reported that the state collected $263.1 million in marijuana tax revenue during the second quarter of this year.

In September, marijuana flower accounted for the largest share of sales at $109 million, followed by vape products at $93 million, pre-rolls at $59 million, edibles at $36 million, concentrates at $18 million, and other products (such as beverages and capsules) at around $17 million.

California legalized marijuana in 2016, following the lead of Colorado and Washington, which became the first states to do so in 2012. The law permits adults 21 and older to purchase, possess, and use marijuana, as well as cultivate it for personal use at their residences.

The state’s tax structure for recreational marijuana includes several components. California levies a 15% excise tax on the gross receipts from cannabis sales, in addition to a state sales tax that ranges from 7.25% to 10.75%.

On Monday Governor Gavin Newsom signed into law legislation that legalizes marijuana cafés.

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