Gov. Gavin Newsom gave California’s marijuana industry reason to rejoice this week when he came out forcefully in favor of overhauling the state’s cannabis tax system to help MJ businesses woo customers from the thriving underground market.
“It is my goal to look at tax policy to stabilize the market,” Newsom said during a news conference Monday after releasing his 2022-23 budget proposal.
“It’s also my goal to get these municipalities to wake up to the opportunities to get rid of the illegal market … and provide support and a regulatory framework for the legal market.”
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