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Bill Passed to Pause Tax Hike on Cannabis
The California State Assembly unanimously voted on Monday to halt a slated 25% tax increase on the cannabis industry from going into effect on July 1.
In a 74-0 vote, the Assembly approved AB564 by Asm. Matt Haney (D-San Francisco). The bill would prevent the retail excise tax from increasing to 19% from its current 15%.
"If we continue to pile on more taxes and fees onto our struggling small cannabis businesses, California's cannabis culture is under serious threat of extinction," Haney said in a statement.
According to SFGATE, taxable cannabis sales in California amounted to $1.088 billion in 2025's first quarter, the lowest in five years.
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