State budget documents released Thursday show the Newsom administration is sharply scaling back what it expects to collect in cannabis tax revenue through June 2020 — a $223-million cut from projections just four months ago.The reduced income for the state treasury means that slower-than-expected pot sales are punching a hole in California’s budget.
Meanwhile, state regulators have struggled to meet the demand for licensing, and many communities have either banned commercial sales or not set up rules for the legal market to operate. But he also pointed a finger at local communities that have been resistant to legal sales and growing.“We knew [some counties and cities] would be stubborn in providing access and providing retail locations and that would take even longer than some other states, and that’s exactly what’s happening,” he added.
“I think this administration is being more realistic about the challenges faced by the regulated market,” he said.
Dear Governor Newsom - I'm afraid your sources delivered smoke & mirror projections - at least on that account.
Buy weed from unlicensed blacks Reparations
“Dave’s not here.”
Lets make it legal we'll undercut the dealers and end drug crime Cool and then Lets tax everything by 45%.
Black market sellers thank the CA lawmakers. Has anyone in politics ever taken Econ 101? Obviously not.
so you're saying the government can't even drug deal efficiently?
DUH!!! Our greedy AF lawmakers taxed weed at 45% and are now wondering why they didn't see the revenues they expected. CA has the dumbest people in office.
Who saw that one coming, apart from everyone?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Democratic hopeful Jay Inslee rolls out plan to dramatically cut carbon pollutionIt is the first major policy rollout for the climate-oriented Washington governor. Don't care I want MONEY . I want my Government bailout😠 . Reparations2020 ADOS Good - we have a ClimateCrisis here, NOW and we must start to address it! ClimateAction 👍🌎
Source: washingtonpost - 🏆 95. / 72 Read more »
Tampon Tax: California’s budget tweak is not enough—the practice should be banned nationwide | OpinionThe tax on menstrual hygiene products is state-sanctioned discrimination that needs to be eradicated. Full stop. Period.
Source: Newsweek - 🏆 468. / 52 Read more »
California bill: President Trump won't appear on ballot unless he releases tax returnsCalifornia lawmakers are attempting to force presidential candidates to publicly disclose their tax returns — a move that could bar President Donald Trump from appearing on the state's primary ballot if he does not make the documents public. wake up think about idiot How about helping it’s people? Does California not realize that people can still vote Trump as a write in vote and they must count it. This is so regressive and stupid. By the way, how is woke California doing these days? Oh yeah, they are going broke
Source: USATODAY - 🏆 100. / 63 Read more »
Scott Walker: Tax cuts helped put people to workShould 5G be nationalized? Competition got us 4G, and that's what will get us 5G, former Wisconsin Governor ScottWalker says. ScottWalker Why would anyone listen to this 💩 ScottWalker What. was. that? Nationalizing 5G in the US (which no one is seriously considering to begin with) has nothing to do with Maduro, 'Socialism,' or the government potentially blocking access to YouTube. The US isn't Venezuela. 5G isn't YouTube. What in the world? ScottWalker Not necessarily. If unemployment is so low, how do I hire more people? Answer me that, ScottWalker . Should I bring in more immigrants to fill my highly paid skilled jobs?
Source: CNBC - 🏆 12. / 72 Read more »
Bernie Sanders Tax Return Shows Perils of Do-It-Yourself Tax PrepThe oldest tax return released by Democratic presidential candidate Bernie Sanders offers a lesson in the perils of do-it-yourself tax preparation. No this is the peril of an overcomplicated and ridiculous tax system that favors the rich over the poor. He probably overstated depletion deduction for his oil and gas investments. Common error Not interested in tax returns. More interested in lowering tax burdens and fees on all citizens from local, state and federal...
Source: WSJ - 🏆 98. / 63 Read more »
Trump supported tax laws that likely helped him avoid income taxes for yearsWhile Trump now seems to ridicule real estate tax loopholes, almost 30 years ago he lobbied Congress to renew and expand them. Opposed to what? Paying his “fair share” like Amazon, lol. Teachers lobby for better pay. Is looking out for one’s self wrong? Correct. And your point is what exactly other than invalid?
Source: ABC - 🏆 471. / 51 Read more »
Trump's Tax-Dodging Could Lead To Bigger Tax Bills For The RichWhy Donald Trump's belief that avoiding taxes is 'sport' is so dangerous. All the millionaires did irs legal loopholes. 'tax dodging' from 25 years ago...oooookaaaayyy Hate it, tax abatement's, tax forgiveness, not tax due, tax subsidy. They should all be outlawed. All companies no write offs no deductions, 10% of gross, off the top for taxes. Plan you business model accordingly. We are supposed to be a capitalist company.
Source: Forbes - 🏆 394. / 53 Read more »
Trump's Tax-Dodging Could Lead To Bigger Tax Bills For The RichWhy Donald Trump's belief that avoiding taxes is 'sport' is so dangerous. Trump paid $25,000,000 one year!! 'This attitude that every human being who has ever paid taxes has is dangerous' . ThusSpakeZaRussianCash PUTINtrump2020 MAGA = ManipulatingAmericasGullibleAspirants GOP = GuzzlingOrangePiss .
Source: Forbes - 🏆 394. / 53 Read more »
Bust out the popcorn: New 'Star Wars,' 'Avatar' movies announced through 2027The Disney/Fox deal is proving fruitful for franchise fans, with 'Star Wars' and 'Avatar' movies planned for through 2027. Here's when they're out. 3 year break from Star Wars...good. Disney has destroyed Star Wars. Will you see the new Star Wars trilogy when it is released? Watching less fake agendas movies since 2008
Source: USATODAY - 🏆 100. / 63 Read more »