US EditionCalifornia Cannabis Sellers Race to Block 27% Tax Hike as Industry Reaches Breaking Point - Business of Cannabis
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California Cannabis Sellers Race to Block 27% Tax Hike as Industry Reaches Breaking Point - Business of Cannabis
California’s embattled legal cannabis industry is facing a significant spike in taxation in the coming weeks, but efforts are underway to block the potentially ruinous bill before it is enforced. Last week, in an expected but no less painful blow, the California Department of Tax and Fee Administration (CDTFA) confirmed in a special notice that it ‘will increase from 15% to 19% of gross receipts from retail sales of cannabis or cannabis products…
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