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    Cannabis tax cuts and pot industry reform are coming to California

    Tax cuts and other reforms are coming to the California cannabis industry as authorities seek to revamp a system that businesses, growers and others say has been stymied by over-regulation. A bill signed by Gov. Gavin Newsom last week cuts a cultivation tax placed on cannabis growers and shifts excise tax collection from distributors to retail businesses, according to the California Cannabis ...
    by Gregory Yee, Los Angeles Times Jul 06, 2022 3 minutes
    A cannabis growing operation that was constructed in March is seen next to Fiddlestix vineyards in the Santa Ynez Valley northwest of Santa Barbara, California on Aug. 6, 2019.

    Tax cuts and other reforms are coming to the California cannabis industry as authorities seek to revamp a system that businesses, growers and others say has been stymied by over-regulation.

    A bill signed by Gov. Gavin Newsom last week cuts a cultivation tax placed on cannabis growers and shifts excise tax collection from distributors to retail businesses, according to the California Cannabis Industry Association.

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