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 tax increase that hit cannabis in California on July 1. Several consumers and businesses reported damaging repercussions; some of the responses are below. “To be honest even ... Read more| CaNorml.org
WRITE TO YOUR LEGISLATOR AND ASK THEM TO SUPPORT AB 564 SACRAMENTO 5/5/25: California business owners, activists and patients were joined by Humboldt, Nevada, and Alameda counties and the city of Sacramento in support of AB 564, to freeze the cannabis excise tax, at the Assembly Revenue & Tax committee. The bill passed through the ... Read more| CaNorml.org
UPDATE: The bill will next be heard on Monday, May 5 at 2:30 PM in the Assembly Revenue and Taxation committee.| 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