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Reason
Reason
Scott Shackford

Gov. Newsom Proposes Eliminating One of California's Many Marijuana Taxes

Marijuana California Gavin Newsom Reason Foundation

The latest California budget submitted by Gov. Gavin Newsom could go a long way in fixing the state's ailing recreational marijuana industry by fully eliminating an oppressive cultivation tax.

Newsom's May revisions to the 2022–23 fiscal year budget call for some significant statutory changes to the state's cannabis tax system. The biggest change would be zeroing out the cultivation taxes beginning in July. The excise tax of 15 percent would remain intact.

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