‘This Tax Could Kill This Industry.’ California Cannabis Operators Brace For Increase

‘This Tax Could Kill This Industry.’ California Cannabis Operators Brace For Increase

California’s excise tax on legal weed is increasing, despite efforts to keep it lower to help the struggling industry. Lawmakers left it out of the state budget they passed Monday.

California Cannabis Operators Warn That New Tax Hike ‘Could Kill This Industry’

“We have no objections to how cannabis tax revenues are being spent. All we’re maintaining is that you can’t squeeze blood from a stone.” By Alexei Koseff, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. A substantial tax hike for California’s faltering legal cannabis market took effect on Tuesday, despite an aggressive industry campaign to suspend the increase that won the support of Gov. Gavin Newso…

Cannabis Advocates Warn of Economic Damage from Policy Shift

A worker tends to cannabis plants at a farm in Kanchanaburi province, west of Bangkok, Thailand, July 16, 2024. (AP Photo/Sakchai Lalit, File) Cannabis advocates are set to rally at the Ministry of Public Health in Bangkok on Monday, opposing the government's move to recriminalise cannabis, which was delisted from the national narcotics list three years ago. Dubbed "Operation 7-7," the protest aims to challenge Public Health Minister So…

California Cannabis Operators Warn That New Tax Hike ‘Could Kill This Industry’ - Cannabis News World

“We have no objections to how cannabis tax revenues are being spent. All we’re maintaining is that you can’t squeeze blood from a stone.” By Alexei Koseff, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. A substantial tax hike for California’s faltering legal cannabis market took effect on Tuesday, despite The post California Cannabis Operators Warn That New Tax Hike ‘Could Kill This Industry’ appeare…