Amendments to California’s Cannabis Law

What is happening? California is tweaking its cannabis laws to make it easier to enter the market which thereby limits the impact of illegal sales. Legislation includes, reducing taxes, a tax holiday for cultivation, lowering retail taxation rates, and preempting cities and counties from preventing cannabis sales.

Why is this important? Some say the high taxation rates in California created an opening for illegal sales. The high licensing fees has been seen as prohibiting both small business and diverse businesses

How will this be important? We’re not re-creating the wheel. We’re looking what other states did, what worked, and what didn’t and crafting our own state specific plans.

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