Total cannabis tax revenue for the state has dropped 11% to $237.4 million in the first quarter. The double-digit drop shows an ongoing downward trend in all categories, prompting operators to pivot to other businesses or activities.
This includes the founding mother of dispensaries, CBC Marin Alliance's Lynnette Shaw, who opened a general store in her hometown of Fairfax on June 1.
The Shaw General Store on Bolinas Road carries merchandise ranging from flip-flops and beach towels to fishing licenses and jellybeans, Shaw said. The 1,200-square-foot structure was once home to a Sherman's, a jewelry store, dress shop, and served as a location for psychic consultations.
Shaw intends to supplement diminishing profits from her nearly three decades of running the School Street cannabis dispensary, the first in the state since the 1996 Compassionate Use Act paved the way for legal medicinal cannabis.
Read more at North Bay Business Journal