MJBizDaily: 2 California municipalities approve cannabis business tax cuts

EXCERPT:

“Local governments are recognizing what the state hasn’t yet – that our legal cannabis industry is in crisis and immediate tax relief is essential,” Amy O’Gorman Jenkins, executive director of California Cannabis Operators Association, said in a statement to MJBizDaily.

“When Sonoma County sees licensed cultivators plummet from 155 to just 66 in less than two years, that’s not market consolidation, it’s market collapse.

“These tax reductions represent a critical lifeline for the remaining businesses fighting to survive.”

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