Los Angeles Raises Cannabis Tax Rates Keeping the Illicit Market Alive and Well in California

Los Angeles Raises Cannabis Tax Rates Keeping the Illicit Market Alive and Well in California
Cannabis.net

Voters adopted Measure C earlier this month, setting a tax schedule for these enterprises once they are eventually allowed, in the interim. The proposal established a number of initial tax rates, including $4 per square foot for cultivation under mixed lighting and $7 per square foot for cultivation indoors. The rates were set at 4% for retail gross receipts and 3% for production and distribution.

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Source : Los Angeles Raises Cannabis Tax Rates Keeping the Illicit Market Alive and Well in California

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