California Assembly Unanimously Passes Bill To Delay Marijuana Tax Hike For Five Years

The California Assembly Unanimously Votes Against a Tax - The Ron Paul Institute for Peace & Prosperity

California has earned a reputation for high taxes. Yet, this week there is a sign of hope for tax resistance in the state legislature. On Monday, the California Assembly voted unanimously to delay by five years a tax increase that had been set to go into effect on July 1. AB 564 — the legislation approved by the Assembly — deals with delaying the California Department of Tax and Fee Administration’s impending increase of a state-imposed special …

California: Assembly Votes to Halt Impending Tax Hike on Commercially Available Cannabis Products California: Assembly Votes to Halt Proposed Tax Hike on Commercially Available Cannabis Products

"California NORML is proud to have taken a leadership roll sponsoring this bill. Cannabis is already heavily over-taxed relative to comparable products like beer, wine, and tobacco in California." The post California: Assembly Votes to Halt Impending Tax Hike on Commercially Available Cannabis Products appeared first on NORML.

California Assembly Unanimously Passes Bill To Delay Marijuana Tax Hike For Five Years

The California Assembly has unanimously approved a bill to delay the implementation of an planned hike on marijuana taxes. About a month after state officials announced that the cannabis excise tax rate would increase from 15 percent to 19 percent on July 1, the Assembly voted 74-0 to pass legislation from Assemblymember Matt Haney (D) to delay the change for five years. The bill now goes to the Senate for consideration, but advocates are hoping…

California lawmakers approve pausing 25% tax increase on legal cannabis industry

California Cannabis Crisis Averted: Lawmakers Halt 25% Tax Hike in Unanimous Vote - The Sacramento Observer

In a significant move for the state’s beleaguered cannabis industry, California lawmakers on Monday voted unanimously to pause an impending 25% tax increase that threatened to exacerbate existing challenges faced by legal cannabis businesses struggling to compete with the black market.*In a striking 74-0 vote, the Assembly approved Bill AB564, introduced by Assemblymember Matt Haney (D-San Francisco). The legislation effectively prevents the sub…

Despite no line item in budget, officials maintain Cannabis Authority secured for upcoming year

THOUGH the 2025/2026 Draft Estimates of Revenue and Expenditure contain no explicit reference to cannabis or the Cannabis Authority, senior officials maintain that funding for the body and its regulatory rollout has been secured for the upcoming fiscal year.