California Bill to Freeze Cannabis Excise Tax Breezes, 6-0, Through Another Committee

California legislation to repeal the state’s forthcoming cannabis excise tax increase cruised through another unanimous committee vote on May 5, providing industry stakeholders hope in avoiding an existential threat to their retail businesses.The Assembly Revenue and Taxation Committee members voted, 6-0, to advance Assembly Bill 564, which aims to stop the excise tax rate from…...