{"id":2262956,"date":"2024-06-08T13:43:02","date_gmt":"2024-06-08T17:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cannabis-sales-stall-by-the-millions-in-san-francisco-as-dispensary-owners-bemoan-black-market-operations\/"},"modified":"2024-06-08T13:45:11","modified_gmt":"2024-06-08T17:45:11","slug":"cannabis-sales-stall-by-the-millions-in-san-francisco-as-dispensary-owners-bemoan-black-market-operations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cannabis-sales-stall-by-the-millions-in-san-francisco-as-dispensary-owners-bemoan-black-market-operations\/","title":{"rendered":"Cannabis sales in San Francisco plummet by millions, with dispensary owners blaming black market activities"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcannabis-sales-stall-by-the-millions-in-san-francisco-as-dispensary-owners-bemoan-black-market-operations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2262956&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>This\u2064 puts\u200c the \u2064city in fourth place behind Mendocino, Trinity, and Humboldt counties.<\/p>\n<\/p><\/div>\n<p>The city of San Francisco \u200cin California has recorded a decrease in taxable <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chair-of-psychology-department-at-columbia-pens-book-about-taking-heroin-ecstasy-meth-bath-salts\/\" title=\"Chair Of Psychology Department At Columbia Pens Book About Taking Heroin, Ecstasy, Meth, Bath Salts\">cannabis sales<\/a> during the first quarter of 2024, marking the first time in five years that sales have failed to reach the $50 million mark. According to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apple-iphone-manufacturer-subject-to-search-by-chinese-authorities\/\" title=\"Chinese authorities have the power to search Apple iPhone manufacturer.\">tax \u2064officials<\/a>, sales have reached only $46.7 million in \u200dthe first three months of the year,\u2063 showing a decline from the previous quarter as well as from the same period in \u20622023. Despite this, San Francisco remains one of the \u2062leaders in per-capita cannabis\u200c sales, with\u200c residents contributing an average of $55 in sales per person. This places the city in fourth place\u200b behind three other counties in California.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_79\">\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/marijuana\/\" target=\"_blank\" rel=\"noopener\" title=\"Cannabis\">Cannabis<\/a> sales in <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/san-francisco\/\" target=\"_blank\" rel=\"noopener\" title=\"Cannabis\">San Francisco<\/a> have failed to hit the $50 million mark for\u00a0the quarter for the first time in five years, <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/california\/\" target=\"_blank\" rel=\"noopener\" title=\"California\">California<\/a> tax officials said. <\/p>\n<p>The city recorded $46.7 million in taxable cannabis sales in the first three months of 2024. The figure represents a $5.6 million decrease from the last quarter and a $7.1 million decrease from the same period in 2023, the <em>San Francisco Examiner<\/em> <a href=\"https:\/\/www.sfexaminer.com\/news\/business\/san-francisco-cannabis-sales-decline-continues-in-2024\/article_d31a9608-239b-11ef-9759-6f2218e96e99.html\" target=\"_blank\" rel=\"noopener\" title=\"reported\">reported<\/a>. <\/p>\n<figure><figcaption>Customers maintain social distance while waiting to enter The Green Cross cannabis dispensary in San Francisco, Wednesday, March 18, 2020. (AP Photo\/Haven Daley)<\/figcaption><\/figure>\n<p>The <a href=\"https:\/\/www.cdtfa.ca.gov\/dataportal\/dataset.htm?url=CannabisSalesByCounty\" target=\"_blank\" rel=\"noopener\" title=\"latest figures\">latest figures<\/a> from the California Department of Tax and Free Administration show a 35% decline since its peak in mid-2021. Despite the sluggish sales, San Francisco users remain among the leaders in per-capita\u00a0cannabis sales, bringing in $55 in sales per resident. San Diego made $134.1 million in sales for the first quarter, with $40.73 in sales per resident. Los Angeles came in at $295.3 million in sales with $30.05 per resident. <\/p>\n<p>Democratic Gov. <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/gavin-newsom\/\" target=\"_blank\" rel=\"noopener\" title=\"Democratic Gov. Gavin Newsom\">Gavin Newsom<\/a> has often touted California as being the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-california-law-aims-to-better-inspect-marijuana-farms-suspected-of-water-misuse-environmental-violations\/\" title=\"California's new law targets improved inspection of marijuana farms for water misuse and environmental violations.\">largest legal cannabis market<\/a> in the world and has bragged about San Francisco\u2019s Amsterdam-style cafes, but more and more\u00a0dispensary owners say they are being driven out of business. <\/p>\n<p>Owners have complained for months that it\u2019s been a challenge to draw in customers and say they can\u2019t compete with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cathie-woods-ark-etfs-buy-42-million-in-draftkings-after-short-seller-report\/\" title=\"Cathie Wood\u2019s ARK ETFs Buy  Million In DraftKings After Short-Seller Report\">black market operations<\/a>. <\/p>\n<p>\u201cWe\u2019re charging our customers way too much,\u201d\u00a0Nate Haas of Moe Greens Dispensary &#038; Lounge <a href=\"https:\/\/www.cbsnews.com\/sanfrancisco\/news\/san-francisco-dispensaries-struggling-as-they-continue-to-compete-with-illegal-market\/\" target=\"_blank\" rel=\"noopener\" title=\"told\">told<\/a> CBS News Bay Area. \u201cAs a dispensary, it\u2019s tough for us to compete with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/californias-legal-pot-industry-collapsing-pushed-to-a-breaking-point\/\" title=\"California\u2019s Legal Pot Industry \u2018Collapsing\u2019: \u2018Pushed To A Breaking Point\u2019\">illicit market<\/a>.\u201d The industry has also been hit with market saturation and a severe post-pandemic drop in customers. <\/p>\n<p>\u201cOur revenue has dropped 43% in the last 18 months,\u201d Al Shawa, who owns Mission Cannabis Club on Mission Street near 21st Street, a mainstay in the neighborhood since 2010, <a href=\"https:\/\/missionlocal.org\/2023\/09\/sf-cannabis-struggles-amid-saturation-loss-of-foot-traffic\/\" target=\"_blank\" rel=\"noopener\" title=\"told\">told<\/a> Missonlocal.org. <\/p>\n<p>Shawa owns two other dispensaries that opened in 2023, one in the Marina District and another in the city\u2019s Russian Hill area. <\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\" target=\"_blank\" rel=\"noopener\" title=\"CLICK HERE FOR MORE FROM THE WASHINGTON EXAMINER \">CLICK HERE FOR MORE FROM THE WASHINGTON EXAMINER <\/a><\/strong><\/p>\n<p>\u201cThere\u2019s no money to be made,\u201d he said. <\/p>\n<p>Neither store is doing well.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time in five years, San Francisco&#8217;s quarterly cannabis sales didn&#8217;t reach $50 million, California tax officials reported. In early 2024, the city saw $46.7 million in taxable sales, marking a $5.6 million drop from the previous quarter<\/p>\n","protected":false},"author":2646,"featured_media":2262957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP20078766078796.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2262956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP20078766078796.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2262956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2646"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2262956"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2262956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2262957"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2262956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2262956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2262956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}