NEWS & RESOURCES

As of Tuesday, California’s cannabis excise tax has increased from 15% to 19%. It’s an adjustment that many businesses say could be detrimental to an already struggling industry.

Industry representatives warn that further raising taxes will push price-sensitive customers back into the illicit market, hurting businesses teetering on the edge and actually lowering cannabis tax revenue in the long run.

Have you heard? Californians are now paying 25% more in taxes on safe, legal, and regulated cannabis products. Ironically, this tax...

Initial hopes of a thriving cannabis economy have been crushed, and California’s market is now buckling under the weight of excessive taxation and regulatory burdens. Whatever happens next, we’ll own it.

Juan Manuel Garcia, a resident of Big Sur, said, "It's already pretty expensive living here. And like, there's already a lot of cannabis tax already. So like when you look at the receipt, like half of it is tax. So it's probably going to be a lot more. So definitely not happy about it." (California cannabis tax hike)