The Legislative Analyst’s Office shall submit a report to the Legislature by January 1, 2020, with recommendations to the Legislature for adjustments to the tax rate to achieve the goals of undercutting illicit market prices and discouraging use by persons younger than 21 years of age while ensuring sufficient revenues are generated for the programs identified in Section 34019.
Cal. Rev. & Tax. Code § 34017
Administration
Known as the Cannabis Tax Law
The act spans §§ 34010–34021 (29 sections).
Added November 8, 2016, by initiative Proposition 64, Sec. 7.1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.