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 California's legal cannabis market. This move is part of the state's broader efforts to promote a thriving and sustainable legal industry. The new legislation reflects California's commitment to fostering economic development within the cannabis sector, making it more accessible and profitable for businesses. By lowering tax burdens, the state hopes to strengthen the legal market and ensure its continued expansion.