Faint hopes for California cannabis industry excise tax relief evaporated Wednesday when lawmakers failed to squeeze a freeze on the levy into a state budget bill.
“It would not be a budget if there weren’t things to be disappointed about,” Democratic state Sen. Christopher Cabaldon said during a budget hearing.
“I wish we had reached an agreement on the cannabis tax increase.”
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Negotiations between Gov. Gavin Newsom and Democratic leaders in the Legislature over final details of a $321 billion spending package went well into the night Tuesday, according to the Los Angeles Times.
The so-called “budget trailer bill” that marks the beginning of the state’s new fiscal year represented the final opportunity to stave off an increase in California’s marijuana excise tax
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