Day Around the Bay: Lawmakers OK Bill to Rollback Cannabis Tax to 15% Upon Newsom's Approval

"Both houses approved a bill Wednesday that would reverse the new 19% state excise tax on cannabis products, which took effect in July. The measure, which was introduced by Assemblymember Matt Haney, would return the tax to the original rate of 15%, upon approval from Newsom. [KPIX] The Associated Press awarded Golden State Valkyries Coach Natalie Nakase Coach of the Year Friday, and Vs guard Veronica Burton received Most Improved Player. With Nakase's guidance, the team has wildly outperformed expectations and is the first expansion team in history to make it to the playoffs in its first year. [ESPN]"

"Tesla board chair Robyn Denholm is pushing shareholders to approve Elon Musk's nearly $1 trillion pay package, arguing that only moonshot incentives can drive him even as critics point to Tesla's falling sales, shrinking profits, and the flopped Cybertruck. [New York Times] Legislators have approved a bill that would ban local, out-of-state, and federal law enforcement officers from wearing face masks, which awaits Newsom's decision. [NBC Bay Area]"

Both houses approved a bill to reverse the 19% state excise tax on cannabis products that took effect in July, returning the rate to 15% pending gubernatorial approval. The Associated Press named Natalie Nakase Coach of the Year and Veronica Burton Most Improved Player after the Golden State Valkyries became the first expansion team to reach the playoffs. Tesla’s board chair urged shareholders to approve Elon Musk’s nearly $1 trillion pay package amid scrutiny over falling sales and the Cybertruck. Legislators approved a ban on masked law enforcement officers awaiting the governor’s decision. A reminder noted that many Bay Area towns were once sundown towns excluding nonwhite residents after dark.

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