California won’t increase cannabis taxes for a year thanks to new law

MJ Biz reports..

California cannabis companies won’t see their state taxes go up until at least next year.

Gov. Gavin Newsom signed into law Assembly Bill 1872 (same language as Senate Bill 827), which prohibits the California Department of Tax and Fee Administration from adjusting the cannabis excise tax markup amount until July 1, 2021, the Modesto Bee reported.

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California won’t increase cannabis taxes for a year thanks to new law