Local Governments Are Leading the Charge on Cannabis Tax Reform
At least a dozen localities have altered their tax rates and/or called for statewide reform.
Desert Hot Springs will lower its marijuana cultivation tax to make itself a more competitive destination for cannabis businesses.
Even before the coronavirus pandemic, the City of Lemon Grove was struggling to stay afloat, with disincorporation mentioned as a real possibility.
If passed, the 2020 initiative could yield an additional $6 billion to $10 billion annually.
San Diego city officials are taking a good look at the books to ensure they’re reaping the full benefits of legalized marijuana.