top of page
  • Writer's pictureBig Rick Stuart

Cannabis Taxes Total $2.6 Million for Latest Quarter in Santa Barbara County

Cannabis tax revenues continue to increase in Santa Barbara County, with a reported $2.6 million received in the last quarter.

Financial analyst Steven Yee of the County Executive Office said the figure represents a 30 percent increase for the quarter that ended Dec. 31 from the same period in 2019.

“Cannabis tax revenues continue to remain strong despite the economic impact of the (COVID-19) pandemic,” Yee told the Board of Supervisors on Tuesday during a second-quarter report on cannabis compliance, enforcement and taxation.

Based on the amount of revenue received in the quarter, staff estimates that cannabis tax revenues could generate as much as $14 million in the current fiscal year, which ends June 30, according to a letter filed with the board. That is about $3.4 million more than the anticipated revenues for the year.

The tax revenues were received from 56 operators that reported gross receipts, Yee said. Over the quarter, 37 operators reported zero gross receipts and 25 operators did not submit any reports.

7 views0 comments

Recent Posts

See All

The #BuyNothingDay thing yea ok but people decide to make things people have jobs to make things people open stores people hire people at stores and sell things and this time of year people buy things

Catholic World Report Myths about the pilgrims and religious freedom have obscured some surprising truths about this great American holiday. ...“Thanks,” says G.K. Chesterton, “is the highest form of

bottom of page