California’s Cannabis Industry Faces Uncertain Future Amid Proposed Tax Hike - Merry Jane

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California’s Cannabis Industry Faces Uncertain Future Amid Proposed Tax Hike - Merry Jane

California’s cannabis industry, already struggling with high operational costs and market instability, may face another major hurdle—higher taxes. State lawmakers are considering a significant tax hike on cannabis businesses, a move that industry leaders warn could push many legal operators out of business. The Proposed Tax Increase A proposed bill aims to increase the excise tax on cannabis products from 15% to 19%, a sharp jump that industry a…