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Key marijuana tax reforms absent in California budget blueprint

California lawmakers approved a preliminary $300 billion state budget this month, but they left several marijuana business issues unresolved – the latest sign of the industry’s lack of influence at the state Capitol in Sacramento.

The record spending plan, which Gov. Gavin Newsom must sign before the new fiscal year begins July 1, failed to address the marijuana industry’s top concern: high taxes, which make it harder for legal businesses to compete with the underground market.

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Taxes – along with several other issues – will likely be addressed in so-called “trailer bills” in coming weeks, cannabis industry sources said, as lawmakers and Newsom negotiate the particulars of a historic $98 billion surplus.

Cannabis industry advocates hope the cultivation tax will be eliminated, a proposal backed by the governor and state lawmakers.

But the marijuana excise tax on retail purchases could be a sticking point.

Newsom has proposed eliminating

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