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California Cuts Cannabis Tax to Boost Struggling Legal Market

Name: California Cuts Cannabis Tax to Boost Struggling Legal Market
Uploaded: 2025-09-23T20:40
Channel: NBC Palm Springs
Description: Governor Gavin Newsom has reduced California’s cannabis excise tax from 19% to 15% in an effort to give licensed businesses a fighting chance against the state’s thriving black market. Legal weed sales have lagged due to overregulation and high taxes, while unlicensed sellers continue to dominate.

By: NBC Palm Springs

September 23, 2025

Californiacannabis tax cutGavin Newsomlegal weedblack marketcannabis industrymarijuana regulation

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