Cannabis Tax Revenues Continue to Soar
Backup in Business License Applications
Despite the pandemic’s crippling hit to the economy, cannabis tax revenues in Santa Barbara County have continued to increase.
This was just part of the report given on cannabis in the county on Tuesday. The county’s cannabis principal analyst Brittany Heaton and fiscal and policy analyst Steven Yee reported on county cannabis in the third quarter of the 2020-21 fiscal year — tax revenues, enforcement, compliance, and more. The following are key takeaways from the presentation:
• The county received $5.1 million in tax revenues in the third quarter — a 160 percent increase over the same quarter of last fiscal year. Staff estimates that the county will have collected $16 million in total revenue at the end of the fiscal year.
