LA city officials released data for the first time showing the scope of cannabis business failures in California’s largest cannabis market.
The legal cannabis market in Los Angeles is hitting a breaking point. At least two-thirds of LA weed businesses have failed to pay their local taxes, and the city is currently out hundreds of millions of dollars in lost revenue.
The dire financial st… [5283 chars]
Source: SFGATE | Published: 2025-10-22T16:36:13Z
Credit: SFGATE
