Stifling taxes in California's cannabis system threaten to push legacy growers out of business. That could erase a major part of cannabis history.

The post Why does Northern California’s craft cannabis face potential ruin? appeared first on Leafly.

The year 2021 was an emotional roller coaster for marijuana banking. It culminated in the death of the Secure and Fair Enforcement (SAFE) Banking Act in the Senate, when it didn’t make it into the National Defense Authorization Act (“NDAA”). As a result, licensed cannabis businesses are left hanging high and dry (again) on broad

The post Reefer Sadness? SAFE Banking Act is Back appeared first on Harris Bricken.

Facing a possible industry revolt over California cannabis tax structure, Gov. Gavin Newsom on Monday signaled that he is open to rethinking the taxes the state levels on marijuana growers and purchases. The governor included in a budget proposal he released this week that he “supports cannabis tax reform and plans to work with the Legislature to […]

California is open to cannabis tax reform so that the state can push back against the black market, but not everyone agrees.

The post California Governor Expresses Support for Marijuana Tax Reform appeared first on High Times.

California Gov. Signals Tax Reform As Marijuana Industry Struggles With State’s Regulations

The governor’s budget estimates that California could generate $787 million in marijuana revenue in the 2022-23 tax year.

The post California Gov. Signals Tax Reform As Marijuana Industry Struggles With State’s Regulations appeared first on The Fresh Toast.

For most operators in California’s cannabis industry, the licensed and regulated market probably feels like a slow-burning dumpster fire with no end in sight. But for politicians and state regulators […]