Login / Register

Gavin Newsom’s 26% cannabis tax hike is now official

California’s beleaguered pot industry was given another piece of bad news Thursday afternoon: The state cannabis tax rate will increase from 15% to 19% on July 1, the highest allowed by state law.

The 26% change, devised by Gov. Gavin Newsom, is ironically being made precisely because the state’s legal industry is floundering while the illicit market thrives. Read more »

Comments are closed.