California cuts cannabis taxes to heal ailing industry

Gov. Newsom and the Legislature cut a California cannabis tax, but not everyone is convinced it’s enough to stabilize the legal market. Social equity operators say the changes don’t do nearly enough to help them.

In California’s pot market, a hazy line between legal and not

Industry insiders say the practice of working simultaneously in the legal and illicit markets is all too commonplace, a financial reality brought on by the difficulties and costs of doing business with a product they call the most heavily regulated in America.