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Newsom Signs Bill Reversing California Cannabis Tax Increase

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Newsom Signs Bill Reversing California Cannabis Tax Increase

California officially eliminated a 25% increase in tax on the legal branch of Kanabis on Monday, signature by Governor Gavin Newsma by the Assembly 564.

Bill Has passed on September 11 with a vote 39-1 in the state Senateafter it passage in Assembly in June with voting 74-0.

AB 564AUTHORED by AssemblyMiblymember Matt Haney (D-San Francisco), Reversees an increase to the exceaque paid by consumers at dispensaries to 19%, and keeps the previve rate of 15% thong. Increased in 2022 After the State Eliminated A Cultivation Tax Placed On Growers, who are getting the Squeezed As Prices of Wholesale Cannabis Dropped While The Cultivation Tax Adjusted Upward with Inflation.

Additional costsmade legal cannabis more expensive than one that can be found on the black marketBreaking the state’s efforts to transfer users from illegal sources to the legal market of the cannabis.

“We refuse this increase in the cannabis tax so that the legal market can continue to rise, consumers can access safe products, and our local communities see benefits,” NEWSOM said in the prepared statement.

To read the rest of this article on CBS News, Click here

Message Signs of Newsom Law appeared first further Retail Marijuana Retail Report – News and Information for Cannabis sellers.

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San Francisco Board of Supervisors Approves Cannabis Café Ordinance   

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San Francisco Board of Supervisors Approves Cannabis Café Ordinance   

The San Francisco, California Board of Supervisors on Tuesday approved a DIRECTION to allow cannabis cafes, CBS San Francisco reports. The ordinance will allow establishments to also serve food and drink and provide live entertainment.

In a statement after the decision, Board President Rafael Mandelman, the author of the ordinance, called the approval “a real tool” to help the city’s cannabis businesses “compete and grow.”

“Cannabis cafes are part of this city’s recovery, along with our entertainment precincts, neighborhood activation and free concerts, and today’s vote ensures our legal vendors are not left behind.” – Mandelman, in a statement, via CBS San Francisco

San Francisco is the first Bay Area city to give final approval to cannabis cafes after a bill passed by state lawmakers in 2024 that allows localities to allow businesses.

Under the ordinance, cannabis retailers will be allowed to prepare and serve food and non-alcoholic beverages for consumption on their premises. The ordinance also creates a cannabis cafe permit, allowing spaces where cannabis consumption can be offered alongside food, drink and entertainment. Cafes will only be allowed to sell cannabis for on-premise consumption and will have to follow the same health codes and California Retail Food Code standards as other food establishments.

According to the ordinance, smoking will not be allowed and businesses will have to follow certain ventilation and signage rules. There are also ID requirements at the door for patrons.

The measure still requires final approval from Mayor Daniel Lurie.

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“San Francisco just gave our legal cannabis industry a real tool to compete with”

The San Francisco Board of Supervisors on Tuesday approved an ordinance that would allow Amsterdam-style cannabis cafes to serve food and drinks and offer live entertainment.

During a vote on Tuesday, the council gave final approval legislation authored by the president of the board, Raphael Mandelmansending the measure to Mayor Daniel Lurie’s desk.

“San Francisco just gave our legal cannabis industry a real tool to compete and grow,” Mandelman said in a statement after the ruling. “Cannabis cafes are part of this city’s recovery, alongside our entertainment precincts, neighborhood revitalization and free concerts, and today’s vote ensures our legal vendors are not left behind.”

After that, the city became the first in the Bay Area to allow such establishments state legislators passed Assembly Bill 1775. Assm. Matt Haney (D-San Francisco)which opened the doors to Amsterdam cannabis cafes in California.

To read the rest of this article on CBS, Click here






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