A new tax approaach based on the amounts of THC or CBD in products has been recommended by the state’s Legislative Analyst’s Office. The plan would kill all present taxes, including consumer retail taxes. In their place would be a tiered system based on potency.
Associated Press
- “As California’s regulated market struggles against a thriving illicit industry, we believe that comprehensive tax reform will incentivize consumers to purchase regulated cannabis products, ease administration and compliance, and increase and stabilize revenues for the state,” the California Cannabis Industry Association said in a statement.
