February 8, 2019 - Cannabis & Tech Today

California Seeks Lower Taxes and Less Red Tape Amid Slow Pot Sales

In this Friday, Jan. 12, 2018 photo a bud tender prepares marijuana for a customer at Med Men a dispensary in West Hollywood, Calif. A group of Democratic state lawmakers are proposing major tax cuts for the marijuana industry to jump-start's California's sluggish legal marketplace. The bill Assemblyman Rob Bonta of Oakland and others introduced Monday, Jan. 28, 2019 would for the next three years eliminate the state's $148 per pound cultivation tax and reduce the state's 15 percent excise tax on retail sales to 11 percent. (AP Photo/Richard Vogel, File)

Monday, several cannabis-industry supporting state lawmakers proposed to slash taxes as a way to jump start California’s legal marijuana marketplace.