California Senators Approve Bill To Pause Newly Enacted Marijuana Tax Hike For Five Years

California Senators Approve Bill To Pause Newly Enacted Marijuana Tax Hike For Five Years

California senators have advanced a bill to put a pause on a newly enacted take hike on marijuana products. On Wednesday, members of the Senate Revenue And Taxation Committee approved the Assembly-passed measure from Assemblymember Matt Haney (D) that would delay the tax increase by five years. The vote was 5-0. However, the sponsor said at the beginning of the hearing that he approved of a committee amendment that would make it so the effective…

California Senate Committee Advances Bill to Pause Marijuana Tax Hike

The Marijuana Herald - Marijuana news and information California lawmakers are moving forward with legislation that would pause a controversial marijuana tax hike that took effect just last week. On Wednesday, the Senate Revenue and Taxation Committee voted 5 to 0 to approve Assembly Bill 564, sponsored by Assemblymember Matt Haney (D). The measure would delay implementation of a July 1 increase in the state’s marijuana excise tax rate from 15% …

3 states increase cannabis levies as ideal tax rate remains elusive - Cannabis News World

Three states are raising cannabis taxes this year in response to budget deficits, with more predicted shortfalls looming in 2026 as consumer spending stalls and President Donald Trump’s signature spending bill hammers state and local government balance sheets. 3 states increase cannabis levies as ideal tax rate remains elusive is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

3 states increase cannabis levies as ideal tax rate remains elusive

Three states are raising cannabis taxes this year in response to budget deficits, with more predicted shortfalls looming in 2026 as consumer spending stalls and President Donald Trump's signature spending bill hammers state and local government balance sheets. 3 states increase cannabis levies as ideal tax rate remains elusive is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs