California’s $635M in cannabis taxes—where is it going?
Brand new parks. Healthier, smarter kids. Forests cleaned up. Drugged drivers off the road. Criminal records cleared.
Those are just a few of cannabis legalization Proposition 64’s impacts after two years of commercial sales. Passed in 2016, Prop 64 earmarks all cannabis tax revenue—less regulatory costs—for public health, the environment, and public safety. On Jan. 14, Gov. Gavin Newsom announced cannabis tax revenue social allocations totaling $332.8 million for the coming fiscal year 2020-2021.