July 21, 2026
California cannabis sales opened 2026 below both comparison points
California retailers reported $956.7 million in Q1 cannabis sales, down from both Q1 2025 and Q4 2025. The modest decline matters because it narrows the margin for optimistic growth assumptions.
$956.7MReported cannabis sales
-2.0%Year-over-year
$247.9MTotal cannabis tax