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Cannabis Market Crash Fallout – Cities and Towns Brace for Plunging Tax Revenue from Weed Sales

As per a report by Politico in November, the tax revenues generated from state-sanctioned and regulated marijuana markets have taken a severe hit, plummeting by almost $100 million during the third quarter compared to the same period in the previous year. The licensed retailers operating within the state are trailing far behind the massive underground market, estimated to be worth an enormous sum of up to $8 billion

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