California Gov. Gavin Newsom signed a bill on Monday that decreases the tax burden on the state's cannabis industry. This move has been interpreted by some as an effort to provide relief to the legalized market. Officially known as AB 564, the legislation not only overturns the previously instated 25% excise tax increase on the cannabis industry but also fixes the state's … [Read more...] about Relief for Struggling Industry as Newsom Cuts California Cannabis Taxes
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Abbott Cites ‘Safety for Kids’ as He Declares THC Ban
The state of Texas has taken new steps to regulate THC products, with Governor Greg Abbott issuing an executive order that affects both minors and adults. This development follows months of legislative debate and failed attempts to pass comprehensive legislation on the matter. The governor's order prohibits the sale of THC products to minors and bans the combination of THC … [Read more...] about Abbott Cites ‘Safety for Kids’ as He Declares THC Ban