Finance & Revenue
What’s happening? San Francisco Commissioners unanimously approved the suspension of cannabis taxes through the end of the year to cut down on illegal cannabis purchases.
Why is this important? Legal cannabis retailers are struggling against illegal markets. A Legislative study showed that the illegal market grew as the sales tax rate increased.
How will this be important? The correlation between the tax rate an illegal sales may shape legislation
KPIX5 SF | San Francisco Suspends Cannabis Tax To Combat Illegal Marijuana Sales
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