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California Gov Signs Bill Eliminating Cultivation Tax on Licensed Growers
The governor of California signed comprehensive budget legislation into law which includes provisions that will provide tax relief to marijuana cultivators, among other efforts aimed at restructuring the state’s recreational marijuana industry. Gov. Gavin Newsom (D) said the legislation would ease the cannabis industry’s tax burden and help to curb the state’s still-thriving illicit marijuana market. The measure, AB 195, builds upon Newsom’s amended budget proposal and cleared both legislative [...]
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