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Industry and advocates warn excise tax hike, limited retail access and regulatory costs threaten licensed cannabis businesses
Summary
Industry groups, consumer advocates and local business representatives told the Assembly that an impending excise tax increase, regulatory costs and the lack of retail access in many jurisdictions are exacerbating business failures and pushing consumers to the illicit market.
Industry trade groups, consumer advocates and several business operators told the Assembly’s informational hearing that a combination of rising regulatory costs, an impending excise tax increase and limited retail access are pushing licensed businesses to exit the regulated market and driving consumers to unlicensed sellers.
Pam Lopez, representing California Normal (a consumer safety and advocacy organization), warned of a near‑term fiscal cliff related to excise taxes: "We're gonna go over a cliff here on July 1 if the legislature does not act," she said, referencing a scheduled…
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