California Bill Would Kill Marijuana Cultivation Tax, Keep Excise Tax At 15%
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It would take effect immediately upon a majority vote
A California state budget trailer bill unveiled this week finalized language regarding cannabis tax issues that have been hotly debated for months, and it appears the industry might have scored a significant victory.
In the latest language, the trailer bill would eliminate the state marijuana cultivation tax and would maintain the current 15% excise tax for three years, according to an analysis of the measure by Hirsh Jain, a principal at Ananda Strategy in Los Angeles.
In 2026, however, the excise tax would not necessarily increase, a change in earlier proposals that had made the rounds in the California state Capitol.
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