February 14, 2022
400 cannabis stakeholders have sent you a request to eliminate or curb their taxes. What is at stake here? Prop. 64 was voted in because it promised to not only fully fund the cost of the industry but generate extra state funds for other worthy projects. These worthy projects include helping over 21,000 low income students. If there is extra money in the budget (projected excess is $31 billion) we contend that the state should either be returning the excess to the taxpayers or using it for programs, not propping up a failing industry. We the voters were sold one thing and the industry knew the terms.
We are not convinced that the handout to the industry will ever be walked back. If the promises of huge profits haven’t materialized, perhaps California is not the place to grow the weed. And let’s stop trotting out the small farmer myth. Most are big conglomerates.