Cannabis Tax Clarity Advances as California Opens a New Equity Market

Federal tax guidance for cannabis businesses moves onto the Treasury Department’s priority agenda, San Diego County opens a social-equity licensing window, and extreme heat raises operational risks across Los Angeles.

Cannabis Tax Revenue Rises as California Retail Expands

Federal data show cannabis excise tax collections reaching a new high as a California retailer expands through social-equity ownership. In media, Jimmy Kimmel’s decision to move a political interview off ABC highlights the growing business consequences of broadcasters’ conflict with the FCC.