Being a closer look at how much cash the cannabis
industry is bringing in,
Ty Steele joins us now and shows us a look
at all the money.
S Ty, how much money we're talking about here?
Well, California started collecting data in January of 2020,
and in this graph you can see the growth of
cannabis sales over the past three years with the last
update in June 2023.
It launched just yesterday and the Department of Cannabis Control
hopes to give the public and lawmakers a better tool
understanding the industry as a whole as we started looking
at the data from different angles.
Really revealed to us all the different ways that we
can display this data in a helpful manner,
whether that be price per unit in categories or displaying
different purchasing trends for Canada's products over time based upon
categories like flour or edibles or concentrates.
All right, here's a closer look at the data.
Since 2020, the majority of cannabis sales in the state
were for recreational use.
You can see about 9%
is for medical purposes. So here's a look at the
types cannabis flowers or the buds are the most popular,
followed by vape then. Rolls,
edibles and followed by cannabis extract.
So there are thousands of businesses licensed to grow this,
you know, then harvest it and sell the cannabis.
But there are also a lot of restrictions on where
this is happening and those restrictions at the local level
in many cases.
In California, 56% of cities and counties prohibit all types
of cannabis business,
and that includes several counties in our area.
But there are a lot of Gray areas too.
Let's take Sacramento County for example.
The county does not allow retail.
Distribution, cultivation, manufacturing, or testing.
This is the county. Cities in the county have the
same rules,
but in Sacramento and Isleton,
for example, licensed businesses can do all of that.
Here's another example. San Joaquin County allows most types of
cannabis businesses other than a retail storefront.
Stockton and Tracy allow all types of cannabis businesses,
but for other cities in the county do not Ascalon,
Lodi, Manteca and Ripon. And right now the Cannabis Control
Department website.
You can see a breakdown of all the rules where
you live.
Some interesting insight there.