Disruption

Cannabis market needs lower taxes, simplified regulations, lawmakers say

Several Western state legislators joined Pluribus News on Wednesday for a live discussion on the state of the industry.

Sophie Quinton

04:47 PM, Sep 27, 2023

Jars of marijuana line a shelf at The Flower Shop Dispensary in Sioux Falls, S.D. on Oct. 14, 2022. (AP Photo/Stephen Groves)

As low prices threaten the survival of many legal marijuana businesses, some Western state lawmakers said during a Pluribus News event Wednesday that it’s time to lower taxes and simplify regulations on legal cannabis.

“We’re losing revenue based on the [tax] structure right now,” California Sen. Steven Bradford (D) said.

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