On Monday, California Governor Gavin Newsom signed into law a repeal of a substantial tax increase on marijuana sales in the state. By raising the cost of marijuana on the legal market, the tax increase was leading people to opt instead for making purchases on the black market.
Tag: AB 564
On the first day of July already relatively high marijuana taxes in California went up more with the kicking in of a tax increase from the California Department of Tax and Fee Administration. It had looked like this tax increase would likely be avoided. But, here it is.
California has earned a reputation for high taxes. Yet, this week there is a sign of hope for tax resistance in the state legislature. On Monday, the California Assembly voted unanimously to delay by five years a tax increase that had been set to go into effect on July 1.