Lost Coast Outpost: Weed Tax Hike Repealed: California Legislature Passes AB 564

EXCERPT:

Others industry organizations also celebrated the bill’s passage.

Amy O’Gorman Jenkins, executive director of the California Cannabis Operators Association, issued a statement saying, in part, “By stopping this misguided tax hike, the Legislature recognized that smart policy grows revenue by keeping the legal market viable. Driving consumers away from regulated dispensaries would have only undermined public safety and reduced funding for the very programs we all want to protect.”

FULL ARTICLE: Weed Tax Hike Repealed: California Legislature Passes AB 564, Which Will Bring the Cannabis Excise Tax Rate Back Down to 15 Percent Once Gov. Newsom Signs It Into Law | Lost Coast Outpost | Humboldt County News