After multiple seasons of ludicrous economic pressure, the industry finally gets “an opportunity to really kind of establish our budgets,” says Jerred Kiloh of the United Cannabis Business Association. Shelter comes in the form of tax freezes through next year, signed into law by Gov. Newsom.
- One of a flurry of bills from last session, Assembly Bill 1872 keeps the California Department of Tax and Fee Administration from adjusting the cannabis excise tax markup until next July.
- Cultivation tax rates for the 2021 calendar year cannot be adjusted for inflation, unless the adjustment results in a rate less than zero.
- In a notice published in the Federal Register on Wednesday, the Food and Drug Administration offered new draft guidelines on orally ingested CBD meds.