‘Unacceptable’: AG Says California Needs To Lower Cannabis Taxes
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California’s illegal cannabis industry is booming
California’s illegal cannabis industry is booming, with billions of dollars of weed produced at illegal farms and sold at illicit cannabis stores every year, despite voters legalizing cannabis more than six years ago.
That’s left one high-ranking California official calling on the state to fight the illegal market by lowering the taxes on legal pot.
Attorney General Rob Bonta said at a press conference Tuesday that the state needs to update its regulations and tax code to reduce the costs for legal businesses so they can compete against unregulated pot sales.
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