The California Department of Tax and Fee Administration (CDTFA) announced yesterday that it plans to raise taxes on the legal cannabis industry once again. Increasing cannabis tax rates is considered to be another blow to an industry that is currently facing an economic downturn in a depressed market. The legal cannabis industry faces stiff competition from a thriving illicit market, due to the non-compliant market’s significantly lower price points. The CDTFA’s latest planned tax increase…
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Sara Brittany Somerset, Forbes
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