California is set to increase its excise tax on cannabis from 15% to as much as 19% starting on July 1, 2025, as part of a budget compromise made when the cannabis cultivation tax was removed via AB 195 (2022), in order to assure adequate funding for programs funded by cannabis taxes. Cannabis is already unfairly taxed vs. similar products in California. And since cannabis is also subject to sales taxes and local taxes, and these taxes are compounded at the retail level, consumers are already...| actionnetwork.org
Cal NORML put out word through our email alert list this week asking cannabis consumers and businesses to tell us about the initial impacts of the 26% excise| CaNorml.org
Take the next steps to stop a tax increase this year in California.| CaNorml.org
WRITE TO YOUR LEGISLATORS AND GOV. NEWSOM AND ASK THEM NOT TO RAISE CANNABIS TAXES IN 2025| CaNorml.org
A looming excise tax increase threatens the viability of the California cannabis industry, business owners and industry advocates fear.| CRB Monitor News
Empowering financial institutions and capital providers to understand, identify and manage cannabis-related risk and opportunity.| CRB Monitor News
CalNorml has sponsored California bill AB 564, attempting to stop a cannabis excise tax increase. Learn more.| CaNorml.org