SF Gate: 'Market collapse': California towns are trying to undo Newsom's latest cannabis tax plan

Sonoma County and Desert Hot Springs are trying to save their faltering cannabis industries

EXCERPT:

Amy O’Gorman Jenkins, the executive director of the California Cannabis Operators Association, praised the tax cuts in a news release, saying that the “legal cannabis industry is in crisis and immediate tax relief is essential.” 

...

Jenkins said in the news release that the tax cuts come as Sonoma County’s growing industry is experiencing a precipitous drop in active farms. 

“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,” she said. 

Read the full article: 'Market collapse': Calif. towns are trying to undo Newsom's tax plan