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Title: Reduces the State Cannabis Excise Tax

Full Bill Text

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Title: Reduces the State Cannabis Excise Tax

Vote to concur with Senate amendments and pass a bill that reduces the state cannabis excise tax in California.

Establishes a tax increase on cannabis products, raising it from 15% to 19%, after July 1, 2025 (Sec. 1).
Specifies that retailers are responsible for collecting the cannabis excise tax (Sec. 1).
Specifies that retailers are to provide purchasers with a receipt or document that states the cannabis excise tax (Sec. 1).
Specifies that the goal of the cannabis excise rate reduction is to give immediate tax relief to the industry (Sec. 2).
Specifies that before October 1, 2027, the Department of Cannabis Control, in collaboration with the California Department of Tax and Fee Administration, will submit a report analyzing the current and future effects of the cannabis tax law, assessing revenue, recommending changes, and sharing the necessary data (Sec. 3).

See How Your Politicians Voted

Title: Reduces the State Cannabis Excise Tax

Vote to amend and pass a bill that reduces the state cannabis excise tax in California.

Establishes a tax increase on cannabis products, raising it from 15% to 19%, after July 1, 2025 (Sec. 1).
Specifies that retailers are responsible for collecting the cannabis excise tax (Sec. 1).
Specifies that retailers are to provide purchasers with a receipt or document that states the cannabis excise tax (Sec. 1).
Specifies that the goal of the cannabis excise rate reduction is to give immediate tax relief to the industry (Sec. 2).
Specifies that before October 1, 2027, the Department of Cannabis Control, in collaboration with the California Department of Tax and Fee Administration, will submit a report analyzing the current and future effects of the cannabis tax law, assessing revenue, recommending changes, and sharing the necessary data (Sec. 3).