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California Lawmakers Halt Cannabis Tax Hike, Bill Awaits Governor's Decision

California lawmakers pass bill to pause cannabis tax hike, awaiting governor's approval. Relief for legal cannabis industry and potential impact on companies like Trulieve.

This news matters because cannabis taxation directly affects consumer prices, business viability, and the legal market's ability to compete with illicit operators. High taxes have been a major barrier to the success of legal cannabis programs nationwide, often driving consumers back to the unregulated market. If California successfully pauses tax increases, it could serve as a model for other states struggling with similar issues, potentially leading to more sustainable cannabis industries that benefit both businesses and consumers while generating stable tax revenue.