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The Sun’s home for business news in the Central Valley.
Report: Cannabis retailers owe California $1.3 billion in back taxes
Cannabis dispensaries across California are hurting with high taxes and penalties.
December 9, 2024
California records $250 million in cannabis tax revenue for third quarter
The legalization of marijuana has brought in billions of dollars of revenue for California.
December 3, 2024
Newsom intends to revive EV tax credit if Trump ends program
Trump-proofing the Golden State may also involve spending even more to fund electric vehicle priorities if they are terminated by the Trump administration, Gov. Gavin Newsom hinted.
November 25, 2024
Study: Calif. gas prices could jump by 90 cents courtesy of new regulations
A vote by California regulators a couple weeks ago to update the state’s Low Carbon Fuel Standard could raise gas prices even more than initially expected, according to a new study from the USC Marshall School of Business.
November 20, 2024
Bankruptcy court approves $20mil Bitwise settlement
Eligible employees will receive the maximum payout as part of the settlement in the class action lawsuits.
November 20, 2024
Calif.’s newest agency is overreaching and threatening the macroeconomy
A once-thoughtful approach to regulating AI has become an unwieldy mess of bureaucracy threatening California's competitiveness, write Rosanne Foust and Clint Olivier for Sun View.
November 6, 2024
State busts over 150,000 illegal cannabis plants across Central Valley
Kern County was one of the largest sites of illegal cannabis activity in the entire state.
October 22, 2024
Major oil refiner announces plans to shut down operations in LA
Phillips 66 made the announcement to cease operations at its Port of Los Angeles plant shortly after Gov. Gavin Newsom successfully implemented his new oil mandate.
October 16, 2024
Costa, LaMalfa introduce bill to help rural homebuyers
Their bill would help homebuyers get lower interest rates through the USDA’s loan program.
October 10, 2024
Former employees at Fresno cannabis dispensary file lawsuit after being let go
A cannabis employees union is also asking Fresno to investigate the sale of the dispensary.
October 9, 2024