Newsom Signs a Tax Cut in California

Newsom signs a tax cut in California

This week, California Gov. Gavin Newsom signed legislation rolling back an increase to the state excise tax imposed on the legal marijuana industry, which has struggled to compete with the black market given the state’s onerous tax and regulatory schemes.

California Nixes Tax Increase to Boost Struggling Legal Marijuana Industry

California state officials are hoping the cancellation of a scheduled 25 percent tax increase on the state’s legal marijuana trade will help the struggling industry survive the threat of a growing black market. Gov. Gavin Newsom on Sept. 22 signed Assembly Bill 564 to roll back the state’s scheduled cannabis tax increase, which went into effect July 1, and freeze the industry’s state excise tax rate at 15 percent until 2028. “We’re rolling back …

California Gov. Signs Bill to Reverse Cannabis Tax Hike - Cannabis News World

California Gov. Gavin Newsom (D) this week signed legislation eliminating a 25% tax hike on the state’s cannabis industry, which took effect this summer. The proposal, AB 564, journeyed to the governor’s desk with near-unanimous bipartisan approval, with just a single lawmaker voting against the proposal. The bill’s sponsor, Assemblymember Matt Haney (D) of San

California Gov. Signs Bill to Reverse Cannabis Tax Hike

California Gov. Gavin Newsom (D) this week signed legislation eliminating a 25% tax hike on the state's cannabis industry, which took effect this summer. The proposal, AB 564, journeyed to the governor's desk with near-unanimous bipartisan approval, with just a single lawmaker voting against the proposal. The bill's sponsor, Assemblymember Matt Haney (D) of San Francisco, said the legislation "helps level the playing field" for California cannab…

California’s Marijuana Industry Gets a Break Under New Law Suspending Tax Hike - Sonoma Valley Sun

by Nadia Lathan This article was published on September 23, 2025 by CalMatters. Gov. Gavin Newsom on Monday signed a bill to roll back taxes on recreational weed in an effort to give some relief to an industry that has struggled to supersede its illicit counterpart since voters legalized marijuana almost 10 years ago. The law will temporarily revert the

Bay Area cannabis business feeling relief as Gov. Newsom rolls back tax hike

By Amanda Hari The marijuana industry is getting a small tax break. Governor Gavin Newsom signed a bill to roll back taxes on recreational weed. The bill temporarily reverts the cannabis excise tax back to 15% until 2028. It went up to 19% earlier this year. Operator of Cannabis Buyers Club Berkeley, Aundre Speciale, is feeling relieved “Super thankful that the governor heard the message,” said Speciale.  Speciale wants safe, tested, and regulat…