Santa Barbara County cannabis revenues leapt massively last quarter, moving from $1.9M in the fiscal year’s third quarter to $5.5M in the fourth.
San Luis Obispo Tribune
- “The tax revenue for the fourth quarter dramatically exceeded our revenue expectations,” says assistant county executive officer Barney Melekian. Some of the standout numbers result from reporting delays in the previous quarter.
- The new numbers not only reflect revenue gained, they project future growth: 16 licenses were issued, with 59 pending. Forty-five operators—mostly cultivators and nurseries—submitted 75 license applications.
- Un-Miss that Meeting: Caliva’s Hirsh Jain moderated a discussion of local ballot measures in Jackie McGowan’s latest State of Cannabis webinar. On August 26, the North Coast Cannabis Industry Conference brought leaders from Headset, BDS Analytics and CannaCraft to help demystify the future.
You Tube/North Bay Business Journal
- The most secretly valuable aspect of being a legacy brand is that good memories can overpower what’s happening in plain sight. That’s how a headline like “How Legal Weed Destroyed a Counterculture Icon” comes to exists as our naked eyes witness a slow suicide.