Cannabis Excise Tax Approved by State Assembly
Assemblyman Jim Wood's proposed cannabis excise tax AB 2243 won a major victory today passing the Assembly with 60 votes. Any new tax in California requires the support of 2/3 of each house (54 votes in the Assembly) necessitating support from both Democrats and Republicans.
Assemblyman Wood said, “I have worked from day one to ensure our rural communities have the resources we need to prevent, and cleanup the environmental catastrophe currently underway in our forests and watersheds. This excise tax was part of AB 243 last year and was ultimately pulled at the last minute; this victory today is a huge step forward.”