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Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

Fitch: Cannabis Taxes Set to Rise With Votes in Seven California Cities

SAN FRANCISCO, Nov. 8, 2017 /Weed Wire/ — Residents of seven California cities voted to impose local taxes on cannabis in Tuesday’s elections. With retail sales set to begin on January 1, the newly approved measures will add to the already substantial tax burden on legal cannabis, potentially undermining California’s fledgling legalization initiative, according to Fitch Ratings.


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