News & Insights

Here you'll find the latest news and industry insights from PacGarden including case studies and legal updates.

Pac Garden Assets graphic representing the 'Buy it, Build it, Exit it' approach to cannabis asset M&A sales in California

Cannabis Tax

Split-screen digital illustration: Governor Gavin Newsom signs AB 564 with “California Cannabis Excise Tax Reversal” highlighted beside thriving dispensaries, while Governor Greg Abbott stands at a podium with GA-56 documents, frustrated hemp shop owners, and disappointed veterans under regulatory red tape.

California Cannabis Excise Tax Reversal: Round 2 Against Texas Hemp

California and Texas are heading in opposite directions on cannabis and hemp. Governor Newsom’s AB 564 marks a win for the legal cannabis market with the reversal of California’s cannabis excise tax increase, while Governor Abbott’s GA-56 signals tighter restrictions for hemp retailers. Together, they spotlight the widening policy divide between two of America’s largest states.

Cannabis Tax

Sep 22, 20255 min read

Cannabis excise taxes funding child care, law enforcement, and environmental programs while overburdening legal businesses in California.

Cannabis Taxes at 19 Percent: Funding Child Care While Straining Businesses

California’s cannabis industry is funding child care, environmental cleanup, and public safety — but at what cost? With excise taxes jumping from 15% to 19%, legal operators are being squeezed out while illicit markets thrive. As the LA Times highlighted, the question is clear: can California sustain vital programs and a legal cannabis market, or are we pushing the industry toward collapse?

Legal & Regulatory Insights

Aug 28, 20256 min read