The Santa Maria Times
A disappointing first quarter for fiscal year 2024-25 garnered only $1.3 million in cannabis tax revenues for Santa Barbara County, the worst first quarter showing since the program began in 2018, the county CEO’s office reported this month.
The first quarter, covering July through September, does not include the twice-yearly spring and fall harvests of outdoor cannabis in the North County. The second quarter is likely to bring in more taxes, officials said.
But the county’s projected cannabis tax revenue for the current fiscal year is only $5.4 million — less than the $5.8 million that was collected during fiscal years 2022-23 and 2023-24, and well below the high of $15.6 million in cannabis tax revenues that was collected in 2020-21. (The fiscal year extends from July 1 to June 30.)
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