At Gov. Newsom’s press conference this morning announcing his May budget revision, he was asked about his proposal to end the cannabis cultivation tax while keeping the state excise tax at 15%, while granting authority to raise the tax to as much as 19% if tax revenues fall below $670 million as soon as January …
With California’s legal cannabis industry in dire straits due to high taxes and regulatory costs, California NORML called on legislators to pass a tax relief bill by Sen. Bradford (SB 1281) at a hearings before the State Senate Governance and Finance Committee on May 4. The Bradford bill would eliminate the state cultivation tax, which …
November 22, 2021 – The California Dept. of Taxation and Fee Administration has ruled that the cultivation tax on legal cannabis be raised from $9.65 to $10.08 per dry-weight ounce of flower, from $2.87 to $3 for leaf, and from $1.35 to $1.41 for fresh material starting on January 1, 2022. California Should Be Reducing, …