Three states are raising cannabis taxes this year in response to budget deficits, with more predicted shortfalls looming in 2026 as consumer spending stalls and President Donald Trump’s signature spending bill hammers state and local government balance sheets.
If that sounds like unwelcome news to the U.S. marijuana industry, consider: If governors and lawmakers across the country had their way, three other states likely would have increased their cannabis taxes.
ADVERTISEMENT
The tax increases in California, Maine and Minnesota are the latest instance of state governments turning to cannabis to balance budgets in an era when revenue from local and federal sources is dwindling.
But they’re also the latest tests in an ongoing experiment that’s seeking the elusive answer to a fundamental question: What’s
Read full article on Marijuana Business Daily
