{"id":2164,"date":"2022-08-01T15:52:25","date_gmt":"2022-08-01T22:52:25","guid":{"rendered":"http:\/\/www.inedc.com\/22\/?p=2164"},"modified":"2022-08-08T16:04:56","modified_gmt":"2022-08-08T23:04:56","slug":"californias-cannabis-tax-cut","status":"publish","type":"post","link":"http:\/\/www.inedc.com\/22\/08\/01\/californias-cannabis-tax-cut\/","title":{"rendered":"California\u2019s Cannabis Tax Cut"},"content":{"rendered":"

Cris Alarcon, News@InEDC.com<\/p>\n

(PLACERVILLE, CALIFORNIA) Aug 8, 2022 \u2014 Too little, too late. That seems to be the consensus about California\u2019s big cannabis tax cut, which went into effect July 1. It eliminated the cultivation tax, but the 15% tax on retail is still fully intact and could go up in the future to offset any loss in revenue.<\/p>\n

\u201cFrom early on, the administration \u2014 and I\u2019ll never fully understand why \u2014 decided that we needed to provide comprehensive relief to cultivators, but far less relief to retailers,\u201d Sen. Anthony Wiener (D-San Francisco) told Politico.<\/p>\n

The tax cut offers some \u201cmeager crumbs with the hopes that they will remain quiet,\u201d added Steven Bradford (D-Gardena).<\/p>\n

There is hope that more relief will eventually come. Amy O\u2019Gorman Jenkins of Precision Advocacy said she hopes a boost in sales and tax revenue would provide momentum.<\/p>\n

In addition to eliminating the cultivation tax, the bill allocates $20 million to help cities and counties establish retail cannabis markets.<\/p>\n

Read More<\/a><\/p>\n

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Spiker, however, said he\u2019s skeptical that lawmakers would be willing to make another adjustment to tax rates in the near future. \u201cTry going back next legislative season saying, \u2018Hey, we need to reduce it more.\u2019 It\u2019s not going to happen,\u201d he said. \u201cThey\u2019d be admitting they messed it up the first time.\u201d<\/p>\n","protected":false},"author":1,"featured_media":2165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/posts\/2164"}],"collection":[{"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/comments?post=2164"}],"version-history":[{"count":1,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/posts\/2164\/revisions"}],"predecessor-version":[{"id":2166,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/posts\/2164\/revisions\/2166"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/media\/2165"}],"wp:attachment":[{"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/media?parent=2164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/categories?post=2164"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.inedc.com\/22\/wp-json\/wp\/v2\/tags?post=2164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}