Newsom’s Marijuana Tax Cut Proposal: Is It Enough to Make a Difference?
Can a Tax Cut Make Legal Weed Competitive? The California marijuana industry in 2022 is burdened by whopping tax rates. Fees start with a $10.07 flat tax on every ounce of dried cannabis produced, which is in addition to a 15% statewide excise tax as well as as well as local cultivation, manufacturing, processing, distribution, and retail taxes. All taxes …