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News analysis

California cannabis cultivation tax stands to be eliminated imminently

Written by || 10th June 2022 || News analysis | Cannabis – recreational | Regulation and legislation | GeographiesCalifornia North America United States

Tax on the cultivation of cannabis in California could be eliminated as of July.

Democratic California governor Gavin Newsom has called for the elimination of the tax in his proposed 2022-2023 budget in the hopes that it would lead to an increase in overall revenue as well as less illegal activity by driving further sales through licensed recreational cannabis retailers.

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This article was written by one of CannIntelligence’s international correspondents. We currently employ more than 40 reporters around the world to cover individual cannabis and cannabinoid markets. For a full list, please see our Who We Are page.

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