Gov. Newsom signs bill to lower tax rates on cannabis

Supporting local, legal businesses just got a little cheaper for California cannabis users.

Gov. Gavin Newsom signed an assembly bill on Monday, lowering the taxes on legally sold cannabis products, a move aimed at combating the illicit market.

Assemblymember Matt Haney (D-San Francisco), who sponsored the bill, AB 564, said it will help “level the playing field.”…

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