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Expert Analysis

Big Tax Grab Risks Nipping Cannabis Industry In The Bud

By Michael Chernis, Chernis Law Group (November 22, 2016, 11:53 AM EST) -- On Nov. 8, 2016, California voters passed Proposition 64, the California Marijuana Legalization Initiative. For many California policymakers at the state and local levels, one major attraction of Prop. 64, which legalized recreational marijuana in the state, was its promise as a new revenue source for perpetually underfunded operations....

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