California Cannabis Tax Collection and Penalty Nightmares February 28, 2024 AggregatedNews California, Taxes 0 Comments By Griffen Thorne, Attorney at Harris Sliwoski, California’s cannabis taxes are a disaster, with no end in sight. I’ve written about the state’s tax problems extensively, but today I want to talk about what the state can do when it comes to… Read More→
How to Compute California’s Cannabis Business, Excise, and Sales Taxes January 4, 2023 Tom Hymes Accounting, News & Insights 0 Comments As 2023 begins, the responsibility for paying California’s cannabis excise tax shifts from industry distributors to retailers. The tax rate, which will remain at 15 percent until mid-2025, when it is subject to change, is based on “gross receipts from… Read More→
California Cannabis Tax Payment Plans September 7, 2022 Hilary Bricken California, Taxes 0 Comments By Hilary Bricken, Principal at Harris Bricken Recently, numerous clients have come to us about issues with cannabis payment plans and the California Department of Tax and Fee Administration (“CDTFA“). Recall, there was a time in California (not that long… Read More→
SB 1074: California Cannabis Taxes Overhaul February 23, 2022 Hilary Bricken California 0 Comments by Hilary Bricken, Principal at Harris Bricken I’ve written a couple of times about the ongoing struggle that is the California cannabis tax situation, and I was recently on a great panel about the future of cannabis taxes in the… Read More→
CA Distributors: Help Protect Yourself from Excise Tax Penalties May 30, 2018 Cole Morgan California 0 Comments California has a number of different licenses—nursery, cultivation, manufacturing, distribution, testing, retail, microbusiness (engaged in three cannabis business activities), and a few other ancillary licenses. Except for testing, California state law permits vertical integration of licenses. In other words, one… Read More→
Banking the Cannabis Industry: Takeaways from the California Cannabis Banking Working Group August 18, 2017 Fiona Ma Banking, Finance & Real Estate, Compliance and Regulations 2 Comments The countdown to launch the largest new market for recreational sales in the cannabis industry is almost here and the state of California still doesn’t have an answer to the million dollar question – “How do we bank the cannabis… Read More→