Posts Tagged: $4.7 billion
Commercial marijuana being dried at a California facility. (Photo: Shutterstock)
With cannabis taxes to rise on Jan. 1 and a legitimate business landscape plagued by a thriving black market, California’s marijuana industry faces uncertainty. The tax hike — like others before it — stems from a state law requiring the California Department of Tax and Fee Administration to recalculate the cultivation tax rates once a year because of inflation.
Harvesting at a Central Valley farm on a summer's day. (Photo: mikeledray, Shutterstock)
California’s farmers are getting nervous — understandably. The Trump administration wants to slash the budget of the U.S. Department of Agriculture, cutting one out of every five dollars of the department’s discretionary spending.