Cannabis News Box

California state cannabis excise tax could go up July 1

California state cannabis excise tax could go up July 1

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 2, 2019

A tax increase is on the horizon for California's cannabis industry, in spite of hopes that the industry would experience some tax relief in the near future. Hiking up California's cannabis excise tax could be a risky move. It will likely prompt buyers to shop elsewhere for cheaper products, such...

California’s cannabis tax revenue estimates have been reduced

California’s cannabis tax revenue estimates have been reduced

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 7, 2018

A recent press release from the California Department of Tax and Fee Administration shows a disappointing first quarter for the state's cannabis industry. Tax revenue reached just $60.9 million in the first quarter of 2018, inclusive of cultivation tax revenue and excise tax revenue. Legal cannabis i...

California Department of Tax and Fee Administration