Posted on 09/15/2025 3:44:44 PM PDT by Oldeconomybuyer
California lawmakers are throwing a lifeline to the troubled legal cannabis industry, approving a cannabis tax cut that the industry says will prevent further business failures.
Lawmakers gave final approval to the bill last week, sending the measure to the desk of Newsom, who has previously committed to signing it into law. The measure would drop the state excise tax on cannabis from 19% to 15% on Oct. 1 and maintain that tax rate until June 30, 2028.
The measure comes as tax rates for legal cannabis in California seesaw up and down. In July, the state increased the excise rate from 15% to 19% due to a 2022 law that required the increase. Newsom and lawmakers scrambled to avert that earlier tax hike but failed to get enough votes to approve the measure before the rate hike went into effect.
The legal cannabis industry has long blamed cannabis tax rates, which are considerably higher than tax rates on other goods like alcohol or cigarettes, for fueling the illicit cannabis market by making legal weed stores more expensive than unlicensed sellers.
(Excerpt) Read more at sfgate.com ...
Thought they said weed tax would make them trillions of dollars ,LOL
how are they going to pay for the massive surge in lung cancer that will happen in 20 years?
People trust their dealers more than the government. Dealers are also more convenient.
How sweet, unified to keep us stupid and useless
“how are they going to pay for the massive surge in lung cancer that will happen in 20 years”?
Ha. You are the first one I have seen outside myself that has pointed out that this stuff is smoke in the lungs. I don’t know why that is so hard to understand. How good can that be for ya?
I never thought I would see the day when I would now receive junk mail from a local marijuana retailer offering discounts....LOL!
CT also did this. Huge taxes, and residents just buy their weed in MA where it’s much cheaper.
4 pennies on the dollar will have no impact on decisions made by those seeking this product.
The legal cannabis industry will still struggle.
Only government could screw up the drug dealing.
Hahahaha! 4% is chump change for these pot head shops. It will help minimally.
Illinois has the same issue they were sitting fat and pretty until Missouri got recreational marijuana now people don’t go to Illinois and they fucked to Missouri because the taxes is quite a bit lower.
I assume part of California’s problem is also the fact that there’s a lot of illegal marijuana sold and grown that never goes through the dispensaries in that state. They don’t have any way to regulate it.
good for California losing tax revenue.
Remember when the far-left fags and trannies had everyone programed to say, “Legalize it and then tax the hell out of it.” What happened? The Apes, weazels and chimpanzees lied again.
The writer is “Cannabis Editor” for the rag.
Imagine someone telling the other stoned hippie in 1967 on the sidewalk, lying and leaning against the Dairy Queen wall outside that he dreamed of being Cannabis Editor for a magazine someday.
“Pal, you are even more out there than I am.”
yep, anything but clean air will damage your lungs. Heck even long time bakers suffer from flour lung, from just breathing in the flour from baking.
.
Tax cuts for dope; but tax increases for gas.
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