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California proposes slashing pot taxes to help regulated industry compete with black market

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A bill was introduced Monday in the California legislature that would give legal cannabis businesses a temporary tax break to help them compete with the underground market.

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Aydin_Adam lol.. What a bunch of idiots...

30% is too high, with interstate/international trade and banking there would probably more than enough revenue at 15%. CA also did $2.5B in 2018 and that's just CA recreational. Imagine if just the country had access to CA high grade weed.

That is amazing since they raise everyone else’s taxes.

How's that dope gig working for ya. Can't beat the private sector.

CB1Cap

wasn't the argument for legal pot all the tax revenues?

Which group would benefit the most?

Very good idea otherwise they have no market.👹👺🤡

smart business...its better to make a quarter on 2000000 transactions than to make 3 dollars on 100000

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Lower the taxes then

Why does the market gotta be black!?!

Democrats are suddenly for tax cuts? 😂

LOL Fail!

Nothing like buying an 1/8 for $35 then paying $25 in tax. ☹️ MMJ Cali OG

Now cut taxes for all businesses to compete with other states and countries

This will work. Lol

Dealers don’t charge a tax and know the local markets. All dope is local. Just sell it and shut up. They’ll always be cheaper.

This will not work. Lol

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