Thanks in large part to everyone who took action, the California tax rollback is now a reality!
Gov. Gavin Newsom (D) signed AB 564 into law. Now, cannabis consumers and business owners will feel relief from the 19% cannabis excise tax reverting back to 15% on October 1.
We are extremely grateful to our allies at Cal NORML for not only sponsoring this bill, but playing a leading role in getting it across the finish line! Also, thank you to Assemblymember Matt Haney for championing the legislation.
As always, we will continue to push back on any harmful cannabis proposals that affect patients and consumers!