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Richard Pan (D-Sacramento), author of the measure, noted that Californias current 87-cents-a-pack cigarette tax is lower than that of most other states and far lower than that in New York, which levies $4.35 a pack

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Estimates suggest that the legal market was worth between $11.0 billion and $13.7 billion in 2019, and may be worth up to $30 billion by 2023.[60] If these projections materialize, the value of marijuana sales will grow to two times that of firearms and ammunition, and three times that of McDonalds sales revenue in the U.S (2018 data).[61] In 2019, recreational marijuana was estimated to make up about 60 percent of the market, but is expected to grow to closer to 75 percent by 2023.[62] In the recreational market, the product split is fairly even between flower-based products and infused products/concentrates

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Court of Appeals for the Third Circuit U.S