🚨 Cannabis Tax Hike Update (CA) 🚨

The state wants to raise the cannabis excise tax from 15% to 19% on July 1st, but there’s a last-minute push to stop it.

βœ… AB 564 – a bill to keep the tax at 15% – has already passed the Assembly and is now waiting for a Senate vote.

πŸ’¬ Even Governor Newsom is backing the freeze and urging lawmakers to act fast. If the Senate stalls, they might sneak the fix into a budget bill instead.

Why it matters: Legal shops (like us!) are already dealing with crazy competition from the illicit market. This hike could make things worse for licensed operators and for you, the customer.

We’ll keep you posted β€” but cross your fingers this one goes through. πŸ™

StayLegal #SupportLocal #TokenFarms

submitted by /u/TOKENFARMS to r/weedbiz
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Published: 2025-06-30T18:05:25+00:00

Link: https://www.reddit.com/r/weedbiz/comments/1loemer/cannabis_tax_hike_update_ca/