California Cannabis Trailer Bill Provides Tax Relief for Cultivators
Livewire Applauds California Cannabis Industry Association
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After an exhaustive effort, AB 195 (Budget Committee) passed the Legislature with bipartisan support and now goes to the Governor,
who is expected to sign it.
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Bill Hodson, CEO Of Livewire Ergogenics, states: "Finally, the Governor and California Cannabis Industry Association's efforts are showing some tangible results that represent a significant victory and will bring relief to cannabis producers in California, especially for cultivators. We applaud the efforts of the California Cannabis Industry Association, which has been fighting to eliminate the cultivation tax since it was implemented four years ago. |
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Zeroing out the cultivation tax indefinitely and shifting excise tax collection from distribution to retail are big wins for our industry! We also achieved tax relief for at least three years, successfully pushed back on an automatic tax increase, which would have taken effect in 2024, bolstered enforcement against unlicensed operators, and provided additional relief for social equity operators. |
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About Estrella Ranch Estate Grown Weedery ™
Estrella Ranch is a historic property in Paso Robles, the center of the world-renowned California wine country. Through its affiliate Estrella Ranch Partners, LLC., the Company has begun transforming this stunning property into the world's first "Estate Grown Weedery," developing it into a facility to cultivate high-end organic cannabis products. Estrella Ranch has a long-standing history, was once owned by the Prince of Morocco, and is considered among the finest Ranches in California and the gem of the California Central Coast. Estrella Ranch is located near Paso Robles and Santa Barbara, halfway between Los Angeles and San Francisco, and is surrounded by hundreds of world-renown wine yards. The Estrella Ranch location is the central hub for all Livewire operations.
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Above the clouds in Humboldt County CA sits, Makan Ola Farms. @OlaMakana
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About Makana Ola
The Makana Ola Farms is a 40-acre parcel with a 9,900 sqft cultivation area located in the heart of Humboldt County in Northern California with sufficient water and electricity facilities. Processing, including drying and curing, occurs within a 560-square-foot structure, with further trimming and packaging executed offsite at a licensed processing facility. Makana Ola is a guarded secret of proper marijuana horticulture quietly grown amongst the giant redwoods. Cannabis has been an integral part of the Humboldt culture for decades. Growing organic cannabis for a living is a local tradition practiced and handed down from generation to generation, with a clear focus on reducing environmental impact and generating the smallest carbon footprint possible.
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About LiveWire Ergogenics Inc. The Company focuses on acquiring, managing, and licensing well-qualified cannabis real estate locations to establish fully compliant and permitted facilities to produce cannabis-based products and establish relationships for the state-wide distribution of these products in California. This includes developing and licensing high-quality organic cannabinoid-based products and services and creating the "Estrella Grown Weedery™" brand via its affiliate companies Estrella Ranch Partners and Estrella River Farms. LiveWire Ergogenics does not produce, sell, or distribute products that violate the United States Controlled Substances Act. For more information about LiveWire Ergogenics, visit www.livewireergogenics.com. For non-material updates, follow LiveWire Ergogenics on Twitter @livewireLVVV, or go to www.stockwatchindex.com/livewire-ergogenics.
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LIVEWIRE ERGOGENICS, INC
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
info@livewireergogenics.com
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MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
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LIVEWIRE INVESTOR RELATIONS
Tristan Cavato
(805) 835-2415
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