California Governor Newsom Signs Legislation Cutting Cannabis Taxes to Bolster Legal Industry
In a significant move aimed at revitalizing California’s legal cannabis market, Governor Gavin Newsom has signed Assembly Bill 564 (AB 564), legislation that reverses a recent increase in the state’s cannabis excise tax. The new law, effective October 1, 2025, will reduce the state’s cannabis excise tax rate from 19% back down to 15% and…

