On June 30, 2022, California Governor Gavin Newsom signed a $308,000,000,000 state budget and implementing legislation including AB195. Most headlines regarding the new state budget concern direct tax refunds to Californians, combatting homelessness and reproductive care. But AB195 makes important changes to taxation of California commercial cannabis businesses, enforcement, and delivery. KVK is issuing the following bulletin which highlights pertinent changes, below:
For assistance or questions related to these important legal changes, please contact Katchko, Vitiello & Karikomi, PC
By Patrick Babajanian and Yelena Katchko, July 1, 2022.