Amid declining revenues and plunging prices, officials in one California county are considering a proposal that would ease some of the financial stress currently felt by area cannabis cultivators. The Press Democrat reports that officials in Sonoma County, California on Tuesday recommended that the “Board of Supervisors approve new tax rates based on a model that would reduce … [Read more...] about California County Mulls Reduction To Cannabis Cultivation Tax
over taxed
County projects a $10.5 million shortfall in cannabis tax revenue
SANTA BARBARA COUNTY, Calif. – The ongoing downward trend in tax revenues from the cannabis industry in Santa Barbara stands out as the dark spot in an otherwise bright financial picture, county officials said this week. While revenue from property taxes and hotel bed taxes is estimated to exceed county projections by $17 million and $2.2 million, respectively, for fiscal year … [Read more...] about County projects a $10.5 million shortfall in cannabis tax revenue
