California Governor Signs Bill to Halt Cannabis Excise Tax Hike
California’s 19% excise tax on cannabis sales will go back to 15% next month after Gov. Gavin Newsom signed legislation Sept. 22, allowing the state’s struggling industry to avoid a possible increase until at least 2028.While Newsom had until Oct. 12 to sign or veto the legislation, his early action ensures that the effective dates…
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