Several new laws went into effect in California this week, including a 4% bump in the state’s cannabis tax rate.
As of Tuesday, the excise tax rate on marijuana is now 19%, up from 15%. An excise tax is a levy imposed on a product by the state before sales taxes are applied.
Each California county also has its own tax rate for cannabis sales. In SoCal, the rates range from 7.25% in Ventura County to 9.75% in L.A. County, although each city can also decide on a tax rate; for example, the sales and use tax rate in Azusa is 10.75%…