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California Governor Newsom Cuts Taxes to Boost Cannabis Industry

Source: Governor Newsom signs legislation cutting taxes on cannabis, promoting the long-term success of the legal industry (2025-09-23)

Governor Newsom has signed legislation aimed at reducing taxes on cannabis, supporting the long-term growth and success of the legal cannabis industry in California. This move is part of the state's broader efforts to promote a thriving and sustainable legal market. The new legislation reflects California's commitment to fostering industry growth and ensuring the long-term viability of legal cannabis businesses. By cutting taxes, the state aims to encourage more participation and investment in the legal market, benefiting consumers and the economy alike.

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