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MWG CEO Joins Cannabis Leaders to Navigate California's 15% Tax Reset

MWG Holdings CEO Tom Sheridan joins cannabis leaders at IgniteIt California to discuss maximizing the state's cannabis tax reset from 19% to 15% for business growth.

The reduction of California's cannabis excise tax from 19% to 15% represents a significant shift that could directly impact both businesses and consumers in the nation's largest legal cannabis market. For operators, this tax reset provides an opportunity to recalibrate pricing strategies and reinvest savings into customer experience improvements, potentially leading to more sustainable business models in an increasingly competitive landscape. Consumers may benefit from potentially lower prices or enhanced retail experiences as companies redirect tax savings. This development comes at a critical time when California's cannabis industry faces ongoing challenges with illicit market competition and regulatory burdens. The insights shared by industry leaders like MWG's CEO could help shape how businesses adapt to these changes, potentially influencing retail practices, product pricing, and consumer accessibility across the entire cannabis ecosystem in California.