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December 14 2017

How To Get a Cannabis Seller's Permit for January 1, 2018

California's legal cannabis market opens for business in January 2018: here's what to expect

  • All cannabis businesses in California must register with the California Department of Taxes and Fees Administration for a seller's permit and regularly file sales and use tax returns.
  • If you do...
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Filed Under: Compliance, Licenses

December 11 2017

California’s Cannabis Excise and Cultivation Taxes (and Penalties)

Questions about cannabis excise and cultivation taxes in California? Read this complete guide for everything you need to know.

  • Retailers are responsible for collecting the cannabis excise tax and then for paying the tax to the distributor.
  • Excise tax is set at 15% of average market price. 
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Filed Under: Compliance, Taxes

December 04 2017

5 Tax Questions to Ask When Structuring Your Cannabis Business

Nonprofit, C-Corp, LLC: what business structure offers the best tax benefits for new cannabis companies?

  • A multi-entity structure limits your liability and can protect your interest – but also create a logistical nightmare.
  • C-Corp is one of the most popular options, but beware the double...
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Filed Under: Taxes, Business