California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market
Cannabis Law Report
MAY 16, 2022
The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. per ounce of flower, $3.00
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