California introduces new bill to cut state cannabis tax

California is taking the right approach. The only way to fight the illicit market is to make the legal one cheaper.

By lowering the excise tax and postponing the cultivation tax, it will lower the overall price for consumers at the register, which will also reduce the differential between illicit and legal prices,” Whitney said in a statement. “Reducing this gap is critical to making the legal market more competitive against the illicit market and more attractive for consumers.

Leave a Reply

Your email address will not be published. Required fields are marked *