Source: SFGate
“One San Francisco politician’s attempt to save the struggling California cannabis industry has caught the eye of the Wall Street Journal editorial board, who seem eager to teach the San Francisco progressive a lesson in conservative economics. A Tuesday editorial in the East Coast newspaper took aim at a new bill from San Francisco Assemblymember Matt Haney that would stop California’s tax rate for legal cannabis from increasing. Currently, the state excise tax rate on legal pot is set to jump from 15% to 19% on July 1, an increase that Haney and others say will decimate the legal pot industry. ‘If we continue to pile on more taxes and fees onto our struggling small cannabis businesses, California’s cannabis culture is under serious threat of extinction,’ Haney said in a Monday news release.” (03/27/25)
https://www.sfgate.com/cannabis/article/wsj-cannabis-california-editorial-20243902.php