Lege TREND. Tax Deductions for Cannabis industry

Where: California

What tax breaks?

• 3 year reduction of the cannabis excise tax to 11%
• suspend the flower cultivation

The legislation: AB 286 (2019 | CA)

Why the tax breaks? To allow legal industry to overtake the blackmarket

Sacramento Bee | California’s retail marijuana industry is struggling. Will tax breaks and banks help?

Sacramento Bee | Free cannabis for ill Californians and 7 other laws Newsom signed to regulate marijuana