(FOX40.COM) — Gov. Gavin Newsom signed AB 564 on Monday, which eliminates a 25% tax increase on California's legal cannabis industry to allow the success of the legal cannabis market. • Video above: Sacramento City Council weighed its options regarding Cannabis Consumption Lounges

Assemblymember Matt Haney (D–San Francisco) authored AB 564 to regulate the cannabis market, fostering environmental stewardship, compliance-tested products, and fair labor practices, while focusing on driving the economic growth and funding vital programs in education, public health, and environmental protection, according to Newsom.

“California’s cannabis economy can bring enormous benefits to our state, but only if our legal industry is given a fair chance to compete against the untaxed and unregulated illeg

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