When it comes to California’s cannabis tax system, the nonpartisan Legislative Analyst’s Office just sent a crystal clear message to the state Legislature: You’re doing it all wrong. In a long-awaited bombshell report released last week, the LAO recommended a major overhaul of the current system, which it described as overly complex and burdensome. But […]
illicit market
Posted inLetters + Opinion
The 2024 Tipping Point
It’s no secret that California’s recreational cannabis market has limped out of the gates. Eighteen months into this grand legalization experiment in the world’s fifth largest economy, sales and tax revenue have lagged behind projections and much of the state has prohibited retail sales. Meanwhile, consumers complain of high prices and those within the industry […]