California: Bloomberg Details Cannabis Census Data Re Taxable Sales in 2016

Interesting series of stats. Remember these are very limited medical sales in 3 counties (albeit larger ones). Multiply this out statewide and add in recreational in 2018

Full report at https://www.bloomberg.com/news/articles/2017-06-05/california-localities-primed-for-legal-recreational-cannabis-use

The following are facts about the top three counties from the state, Census and data compiled by Bloomberg:

Los Angeles County:
Taxable medical marijuana sales in 2016: $231 million
Taxes due: $21 million
Population: 10.1 million
Debt outstanding within county: $106 billion
Biggest municipal issuer: Los Angeles Unified School District
Poverty rate: 16.7 percent
Median household income: $56,196

San Francisco County:
Taxable medical marijuana sales in 2016: $131 million
Taxes due: $11 million
Population: 871,000
Debt outstanding within county: $13 billion
Biggest municipal issuer: City and County of San Francisco Public Utilities Commission
Poverty rate: 12.4 percent
Median household income: $81,294

Alameda County:
Taxable medical marijuana sales in 2016: $120 million
Taxes due: $11 million
Population: 1.6 million
Debt outstanding within county: $41 billion
Biggest municipal issuer: Bay Area Rapid Transit
Poverty rate: 11.5 percent
Median household income: $75,619

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