As town of San Diego faces a harrowing $258 million funds deficit, one among its income streams can also be drying out in comparison with latest years. Hashish gross sales in San Diego introduced in $1.5 million much less income through the 2024 fiscal yr in comparison with the yr prior.
In FY23, town acquired roughly $18.2 million in funds from the Hashish Enterprise Tax, which requires corporations rising, manufacturing, distributing or storing hashish to pay town 2% of its month-to-month revenue.
The town budgeted for $25 million for the 2024 fiscal yr after FY23’s income — however gross sales fell quick.
San Diego’s Communications Director Nicole Darling stated there’s a number of causes for that. Neighboring competitors, supply companies and the unlawful market play an enormous function within the income deficit.
San Diego-based hashish professional Jackie Bryant says these points aren’t simply citywide. They’re impacting each stage of operations throughout the hashish business.
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