I believe that is correct. Law enforcement has said there is now a substantial black market in California. With the franchise tax, port authorities advise that the State loses about $20 million to $50 million a year in revenue now from that market.
Dianne Feinstein: “I believe that is correct. Law enforcement has said there is now a substantial black market in California. With the…”
Editor's note · Context
Discussing the impact of black market activities on California's revenue.
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