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.
An aerial view of housing density in a Los Angeles suburb. (Photo: trekandshoot, via Shutterstock)
ANALYSIS: A new presidential panel aimed at easing the affordable housing crisis is top heavy with business and developer interests, and does little to get at the roots of the problem. President Trump’s executive order created the “White House Council on Eliminating Regulatory Barriers to Affordable Housing” in June.