California Marijuana Industry Faces New Tax Increase, Threatening Legal Market

California marijuana industry faces new tax increase, threatening legal market

BROADCAST TRANSCRIPT:California's legal marijuana industry is facing a new challenge as the state excise tax on cannabis increased from 15% to 19% on July 1, potentially driving customers away from licensed dispensaries.Ronald Allen, co-owner of a licensed dispensary in Bakersfield, worries the tax hike could put small businesses like his at risk."It's affecting everybody across the board, everybody from the buyers to the growers," Allen said.In…

NJ Cannabis SEEF Tax Unchanged in New Budget

The New Jersey legislature did not raise the Social Equity Excise Fee (SEEF) cannabis tax in its final budget for Fiscal Year (FY) 2026, which started last week on July 1st. According to the progressive NJ Policy Perspective (NJPP) think tank, "this initiative would have raised much-needed revenue for the communities . . . still waiting for [ . . . ] Source: NJ Cannabis SEEF Tax Unchanged in New Budget from Heady NJ