California cannabis businesses are experiencing another major shift as Governor Gavin Newsom signed Assembly Bill 564, rolling back cannabis taxes beginning October 1. This change reverses the summer hike that raised excise taxes from 15% to 19%, bringing them back down to 15% through 2028. Supporters say the new policy is a lifeline for dispensaries and growers, while critics fear the loss in tax revenue could hurt public programs.
Read More: New Law Eases Taxes for California Cannabis Companies
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