In a bid to combat black-market operators, two California state lawmakers have introduced a measure to lower the cannabis tax rate for three years, which should in turn lower the prices retailers charge for legal products.
“We need to give legal businesses some temporary tax relief so they do not continue to be undercut by the black market,” Assemblyman Tom Lackey, a Republican from Southern California, said in a statement.
Lackey is co-sponsoring the tax measure with Oakland Democrat Rob Bonta. Three other Democratic lawmakers helped write it.
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