The cultivation tax generated $16.4M
Cannabis that tests at less than 18% THC can be difficult to sell
"There's no question that high tax rates drive people to the cheaper illicit market"
The tax increase supposedly reflects inflation, however the industry is hurting
The news was definitely good for Harborside
The CBT was implemented in January of this year
Proposition D passed with over 66 percent of the vote
Providers' revenues now will be taxed at 2% after the initial 4% tax
Just because your business isn't federally legal, doesn't mean it is not taxable
A total of $1,063,847 was paid to the state by 90 growers in April