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Cannabis

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Gov. Gavin Newsom is proposing a temporary tax cut for California's ailing marijuana industry, but businesses say it falls short of what's needed to revive the shaky pot economy. Broad legal sales began in 2018, but the industry has struggled with hefty taxes, regulation and competition from a vast illegal marketplace. The administration will recommend eliminating the cultivation tax. But a later increase would come in the retail excise tax to make up for those funds, possibly as soon as 2024. Jerred Kiloh of the United Cannabis Business Association says the plan would not cut consumer prices or lure buyers back from the underground market.

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Apr. 20—After years of rejecting efforts to legalize medical and recreational marijuana, several Republican lawmakers on Wednesday promoted a medical cannabis measure — but with session over, there's almost no chance legislators pass the bill this year. Rallying in support of full legalization for years, some Democrats said the legislation doesn't go far enough to legalize a drug that most ...

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Advocates for marijuana reform were hopeful change was on the horizon when Democrats took control of both the House and Senate after the 2020 …

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