California pot industry gets worst possible
tax news
Posted By: NorthernDog, 5/2/2025 2:07:15 PM
California's beleaguered pot industry was given another piece of bad news Thursday afternoon: The state cannabis tax rate will increase from 15% to 19% on July 1, the highest allowed by state law. The 26% change, devised by Gov. Gavin Newsom, is ironically being made precisely because the state's legal industry is floundering while the illicit market thrives. (Snip) Jerred Kiloh, the president of the United Cannabis Business Association, said the tax increase will only make it harder for legal stores to offer cannabis at a price point that competes with illegal stores. "More businesses will close sooner as the
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California's beleaguered pot industry was given another piece of bad news Thursday afternoon: The state cannabis tax rate will increase from 15% to 19% on July 1, the highest allowed by state law. The 26% change, devised by Gov. Gavin Newsom, is ironically being made precisely because the state's legal industry is floundering while the illicit market thrives. (Snip) Jerred Kiloh, the president of the United Cannabis Business Association, said the tax increase will only make it harder for legal stores to offer cannabis at a price point that competes with illegal stores. "More businesses will close sooner as the
A Democratic lawmaker's decision to skip a key vote on Donald Trump's new tariffs has sparked backlash from other Democrats. Senator Sheldon Whitehouse missed the vote to rebuke Trump's global tariffs on Wednesday, which ended in a 49-49 tie, before Vice President JD Vance traveled to Capitol Hill to cast a tiebreaking vote against the resolution. Even if it did pass the Senate, the House wasn't expected to take up the resolution after Republicans passed a rule that specifically blocks this type of resolution until the end of September. Trump would also likely have vetoed the resolution if it reached
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PORTLAND, Ore. — U.S. Representative Marie Gluesenkamp Perez (D-Wash.) was greeted to the sound of booing during her fourth town hall with hundreds of her constituents in Vancouver Thursday night. The second-term congresswoman received tough feedback from those who voted for her, facing major backlash for her vote in support of the Safeguard American Voter Eligibility (SAVE) Act, among other things. Most people at the town hall started booing immediately after Gluesenkamp Perez stepped onto the stage. The congresswoman was not able to get many words in throughout the entire hour-long event. Many people at the event who spoke with KOIN
SAN FRANCISCO — Another major retailer in San Francisco’s Union Square is closing next month. Saks Fifth Avenue is closing its downtown store at 384 Post St., a Saks Global spokesperson said in a statement. The retailer cited the decision to close as one to “focus on long-term growth.” The store’s last day will be on Saturday, May 10. Saks says customers can visit its sister company store, Neiman Marcus, about two blocks away on Stockton Street. The two companies are both subsidiaries of Saks Global. While we saw meaningful engagement and success through the appointment-only format, we have made
L.A. street food vendor serving free meals
to homeless residents violently beaten
by attacker 6 replies
to homeless residents violently beaten
by attacker 6 replies
A popular street food vendor who serves free meals to the homeless on L.A.’s Skid Row was brutally beaten by a suspect who remains at large. Chris Bailey, known on TikTok as @kloverkinglosangeles, can typically be seen on the busy streets of downtown Los Angeles cooking on his food cart and offering meals to those who stop by. On April 22, around noontime, Bailey had set up his station near 1st Street and Grand Avenue when he was approached by a stranger and violently beaten in broad daylight. “I was packing up, putting my stuff back in my car and
Political parties need votes from people, and voters do not like being murdered or seeing their countrymen killed. So you would expect all politicians to take their side on least on this. But when it comes to Democrats, you’d be wrong about that. (Snip) Democrats have long been wandering down this path, but now they seem to be running down it. And when you watch the latest chapter of this saga — the love affair between Democratic politicians and MS-13 gangsters — you almost can’t avoid asking what the political left has against our country, and why it is so
WASHINGTON – Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of not paying back their loans. That's about to change, and quickly. Linda McMahon, the secretary of the U.S. Department of Education, said the federal government will resume involuntary collections for borrowers in default on May 5. In two weeks, loan holders will start the process of taking money from the paychecks of borrowers who've missed their payments for 270 days or more. They'll also start moving to collect from other federal payments, including tax refunds and Social Security benefits. The change, which McMahon
Democrats’ panic over what they stand for and whether they can credibly compete beyond the bluest states is already erupting in the rush to recruit Senate candidates across the country for next year — a desperate effort to dig out from years of losses that have them far from power at a moment they need it most. Will Democrats, indeed, compete everywhere in 2026? Will leaders allocate money even in tough races, or will they consolidate conservatively around their best bets? How will they handle what could be candidates who range from being aligned with Bernie Sanders to occasionally voting
SAN FRANCISCO -- Progressive icon and former U.S. Rep. Barbara Lee declared victory Saturday as the new mayor of troubled Oakland, a San Francisco Bay Area city reeling from economic stagnation, crime and homelessness. Lee issued a statement Saturday as mayor-elect, saying that her chief opponent, Loren Taylor, had called to concede the April 15 race. (Snip) Oakland has about 400,000 residents and is deeply liberal and multicultural, the birthplace of the Black Panther Party and claimed by former Vice President Kamala Harris as her hometown. But Oakland also is reeling from homeless tents, public drug use, illegal sideshows, gun violence
The Los Angeles Fire Department has shared a report outlining the impact that an increasing homeless population has had on its resources in recent years. (Snip) The report pointed out that the homeless population has “significantly increased,” placing an increased demand for emergency services on the LAFD. From 2018 to 2024, the unhoused population in Los Angeles has grown by 44.6% from 31,285 to 45,252 individuals, according to the Los Angeles Homeless Services Authority. Meanwhile, fire calls involving homeless persons during that same period accounted for 32.91%, or nearly one-third, of all LAFD fire activity, the report states. More specifically
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The black market pot sellers will be delighted.