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.
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.

Stay informed
Subscribe to keep reading.

Sign up today to get the latest state new at your fingertips and in your inbox.