California Reverses Cannabis Tax Hike to Revitalize Struggling Legal Market
In a significant policy shift aimed at bolstering its struggling legal cannabis industry, California has reversed a recent state tax increase. Governor Gavin Newsom signed Assembly Bill 564 (AB 564), which freezes the state’s cannabis excise tax at 15% until 2028, effectively rolling back an increase to 19% that took effect in July 2025. This…

