Despite promises that legalizing marijuana would kill the black market and tax revenues would fill state and local coffers. The black market is thriving, and the promised taxes are not being seen. The industry’s solution: they’re about to pass a bill to reduced excise tax on marijuana products from 15% to 11% and suspend the tax on marijuana cultivation (until Jun 1, 2021).  This should only come as a surprise to people who failed to read the text of Prop 64 where it says tax can be cut all the way to zero to ensure the industry is thriving.