What California's lower cannabis tax will mean for the programs that get the revenue
NPR
Wed, Nov 12
Key Points
- California reduced its cannabis tax rate from 19% to 15% to encourage purchases in the legal market.
- The tax cut aims to make legal cannabis more competitive and reduce illegal sales.
- Youth groups and drug-prevention programs, which rely significantly on cannabis tax revenue, are worried about the potential funding shortfall.
- These organizations fear that lower tax income could impact their ability to carry out prevention and education efforts.
California just lowered its cannabis tax from 19% to 15%, to keep people buying on the legal market. But youth groups and drug-prevention programs that get much of that tax revenue are concerned.