The California City That's Making It Cheaper To Buy Marijuana

Just six weeks after legalizing recreational marijuana, one California city is slashing its cannabis tax rate. The city of Berkeley is cutting its pot tax from 10% to 5% in an effort to attract and retain businesses in the area. Greg Zeman, Associate Editor at Cannabis Now, explains the significance of Berkeley's decision. The tax cut could push other pot-friendly cities in the area to cut marijuana tax rates as well. In Canada, the timeline for legalizing recreational marijuana is being bumped back by at least a month. The news caused Canadian marijuana stocks to drop.

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