California’s legal cannabis industry will collapse without immediate tax cuts and the rapid expansion of retail outlets, Governor Gavin Newsom has been warned in a letter signed by company executives, industry officials and campaigners.

The move follows years of complaints that the heavily taxed and regulated sector is unable to compete with the illicit market, which boasts much lower prices.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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