California: Medical Dispensary Sales Top $844 Million

Sacramento, CA: Medical marijuana dispensaries in California sold over $844 million worth of cannabis-related products between April 2015 and March 2016, according to an analysis of sales tax receipts obtained exclusively by Marijuana Business Daily.

Their analysis reports that there were 2,756 dispensaries operating during this time period, producing $844,482,174 in retail sales. This revenue total is greater than that of all other medical cannabis states combined.

Because medical cannabis sales are not yet explicitly regulated in California, it is possible that actual revenue totals may have been even higher.

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