Articles tagged with "taxes"

Lt. Gov. Gavin Newsom ascended to the Governor’s mansion. Oakland voted to cut cannabis taxes.

San Francisco, Fresno and other cities ask voters to raise the cost of cannabis. Oakland rates could go down.

The proposed tax rate so steep that dispensary operators warned it could put licensed shops out of business.

Millions of cannabis sales tax dollars flow to select cities, while most California counties stay dry

Proponents said the measure, which would reduce taxes for three years, was meant to speed the transition away from the illegal market and into regulated sales.

Stores that were open did well, but there weren’t many open stores. So tax revenue didn’t meet the forecast.

The tax agency already hampers state-legal companies with Rule 280E. Now it’s hitting industry associations, too.

The bipartisan bill is an effort to encourage the state’s transition to a legal, regulated cannabis market.

Berkeley was the first California city to cut its effective tax rate on marijuana businesses, just six weeks into the age of commercial marijuana sales. Experts predict more will follow.

Hungry for tax revenue, Calaveras County licensed hundreds of commercial cannabis farms in recent years. Now it wants them gone, leaving growers in the lurch.