California Ends Cannabis Cultivation Tax, Partly Blamed For Strangling The Legal Industry
July 06, 2022
#KahliBuds #MMJ #CBD #THC
Gov. Gavin Newsom’s signing of the $308 billion state budget Thursday evening handed California’s struggling cannabis industry long-sought tax relief. The state eliminated the cultivation tax on growers and capped the excise tax at point of sale at 15% for three years, moves hailed by industry advocates as a victory after a prolonged push in Sacramento to lighten the tax burden on the legal trade. Growers have felt the pinch over the last two years…
420GrowLife
via www.KahliBuds.com
Susan Wood, North Bay Business Journal, KahliBuds, 420GrowLife
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