State hikes taxes on cannabis

Increase puts fees in line with higher profit margins


Long hailed as the cannabis capital of the United States—California was the first state in the nation to decriminalize medical marijuana in 1996—the Golden State has stumbled.

Although Washington and Colorado legalized recreational cannabis in 2012, California took steps four years later to allow all uses of weed and create what was hoped to be the largest source of income from the drug of any state in the country. But Prop. 64, the 2016 measure passed by voters approving recreational use...

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