#californiacannabis – “The key provisions that lawmakers secured would eliminate the marijuana cultivation tax and shift the point of collection and remittance for the separate 15 percent excise tax on cannabis sales from the distribution to retail level. Additionally, there will be no increase in the excise tax for at least three years under the proposal, which is expected to be signed by the governor and then take effect immediately.
“We are extremely pleased at the hard-fought progress that we were able to make with this bill,” Lindsay Robinson, executive director of the California Cannabis Industry Association (CCIA), told Marijuana Moment in a phone interview on Thursday.
“It is certainly not perfect—and we acknowledge that, and we acknowledge that there is more work to do,” she said. “But eliminating the cultivation tax has been a huge priority for CCIA for the past four years, so we’re certainly proud of that victory.””