NEWS & RESOURCES

"The legal cannabis industry is in crisis," said Amy Jenkins, executive director of the California Cannabis Operators Association. "There were already consumers that weren't shopping at legal stores because they didn't want to pay the 40-50% price increase they would see at illegal stores."

"Reducing the tax back to 15% is an effort to help level the playing field and keep legal cannabis accessible for Californians shopping at licensed dispensaries," Carpenter said.

“By stopping this misguided tax hike, the governor and Legislature chose smart policy that grows revenue by keeping the legal market viable instead of driving consumers back to dangerous, untested illicit products,” Amy O’Gorman, executive director of the California Cannabis Operators Association.

“By stopping this misguided tax hike, the Legislature recognized that smart policy grows revenue by keeping the legal market viable,” the organization said. “The passage of AB 564 proves that sound policy wins when state lawmakers listen to data over rhetoric.”

With the tax decrease taking effect on October 1st, cannabis buyers in California can expect to see lower prices in stores, potentially boosting the legal market.

Today, Governor Gavin Newsom signed legislation, Assembly Bill 564 (Haney), that eliminates a 25% tax increase on California’s legal...