PLEASE SUPPORT SB 1059, TO END DOUBLE TAXATION OF CANNABIS
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SB 1059 (Bradford) amends the definition of gross receipts in the Sales and Use Tax Law to exclude the amount of any state cannabis excise tax and sales and use tax imposed on a cannabis retailer, preventing double taxation at the local level.
Cannabis is already heavily overtaxed relative to comparable goods in California. Compounding taxes simply leads to an artificially inflated purchase price and incentivizes consumers to purchase cannabis from the unlicensed, untested, and untaxed market.
Currently SB 1059 is being held in the Senate Appropriations committee, with a hearing on May 16 to determine if it will move on from the committee's suspense file to the Senate floor.
Please write to your State Senator and ask them to contact Appropriations committee chair Anna Caballero and Senate President/Pro Tempore Mike McGuire, asking them to move this important bill, and to vote for the bill when it goes to the floor.
