CALIFORNIA WEIGHS POTENCY TAX
PHOTO BY THE NEW YORK PUBLIC LIBRARY ON UNSPLASH
With California businesses desperate for a tax cut, a plan by the Legislative Analyst’s Office proposed replacing the state’s current policy with a tiered system based on potency and product types.
AP
- Though a comprehensive plan has not been developed, the industry seemed open to the idea. State Assemblyman Ron Bonta, who has long been involved in cannabis issues, said the proposal “delivers a clear message that the status quo is not working.”
- The office argued taxing more potent products at a higher rate could reduce harmful use. ��WW California has more.
- See the office’s report here.
In another attempt to curtail the illicit market, California consumers can now scan a QR code to determine if a dispensary is licensed.
L.A. Times
- Canna Law Blog looks at the state’s efforts to crack down on the illicit market.
Quick Hit
- San Francisco awarded its first equity licenses.
S.F. Chronicle
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