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Zuniga, Diana <br />From: Jackie Angel Investor < <br />Sent: Monday, May 05, 2025 9:15 AM <br />To:eComment <br />Subject: Last 3 months of Santa Ana <br />Attention: This email originated from outside of City of Santa Ana.Use caution when opening attachments or links. <br />And fallen it has, with California marijuana companies closing because of high taxes, competition from a <br />booming illicit market and regulation-induced business expenses." <br />Gavin Newsom's 26% cannabis tax hike is now official <br />The state of California plans to increase pot taxes to the highest level allowed by law <br />Business experts warn the tax increase could decimate the legal industry. <br />California's beleaguered pot industry was given another piece of bad news Thursday afternoon: The state <br />cannabis tax rate will increase from 15% to 19% on July 1, the highest allowed by state law. <br />https://www.sfgate.com/cannabis/article/california-cannabis-tax-increase-20305768.php <br />Despite the concerns of California's regulated marijuana industry and lawmakers, the state's tax agency says it <br />will carry through on plans to increase the cannabis excise tax rate from 15%to 19% on July 1. The 26% <br />increase is the highest allowed under state law. <br />https:Hmjbizdaily.com/califomia-tax-agency-will-raise-cannabis-excise-rate-to-19-percent-on july-l/ <br />Marijuana delivery company Eaze can't cover debt, files bankruptcy. <br />The bankruptcy petition disclosed that the California-based company has assets valued at up to $100,000, but its <br />liabilities range from $1 million to $10 million <br />https://mjbizdaily.com/marijuana-delivery-company-eaze-cant-cover-debt-files-bankruptcy/ <br />1