By Melinda Burns For the third year in a row, the county CEO’s office is projecting a budget shortfall in cannabis revenues, this time because tax receipts from pot shops is lower than expected. The shortfall for this fiscal year, covering June 2023 through June 2024, will likely be $1.8 million, or 24 percent less than the $7.5 million that was budgeted last June, county officials told the Board of Supervisors on Tuesday.
News that Stays News: Cannabis Tax Revenues…
By Melinda Burns For the third year in a row, the county CEO’s office is projecting a budget shortfall in cannabis revenues, this time because tax receipts from pot shops is lower than expected. The shortfall for this fiscal year, covering June 2023 through June 2024, will likely be $1.8 million, or 24 percent less than the $7.5 million that was budgeted last June, county officials told the Board of Supervisors on Tuesday.