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Calif. cannabiz races to nix tax hike
California cannabiz interests are on the clock to avert a summer tax hike they warn would further devastate California's teetering industry.
If they fall short, the state excise tax could climb from 15% to as much as 19% on July 1. This would likely push up dispensary prices and send more consumers, and perhaps operators, to the unlicensed market.
The pending change stems from a 2022 law, AB 195, which was itself an attempt to provide tax relief to the industry . . .
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