The Cannabis Regulatory Commission on Thursday approved a new social equity tax rate on cannabis at $2.50 per ounce — a far lower number than what was previously considered.
The vote came as the commission was considering raising the cannabis Social Equity Excise Fee to $30 for an ounce. Cannabis cultivators pay the tax, which is currently $1.24 per ounce. The vote was supported by all commissioners except for outgoing commissioner Charles Barker, who abstained.
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