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Governor Newsom Signs Cannabis Trailer Bill, Resulting in Largest Changes to State Cannabis Tax Policy Since Prop. 64

Cultivation Tax Immediately Terminated; Excise Tax Modified; and Tax Relief Provided to Certain Licensees By Lauren Mendelsohn July 1, 2022   Yesterday, California Governor Gavin Newsom signed Assembly Bill 195, a budget “trailer bill” containing various items related to cannabis, into law. Among other things, the bill makes significant changes […]

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