As of the beginning of this year, there are some changes to how California is calculating the excise tax for cannabis distributors. The CDTFA released guidance changing the calculation of cannabis excise tax, as well as the payment schedule. Here’s what you need to know.
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Last week, we covered a recent court case Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue. (Watch the Video)
A recent court ruling in Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue offers some significant tax implications for cannabis operators and management companies. The case, which was filed at the end of December 2018, is a cautionary tale for any cannabis...
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Cannabis operators seeking to diversify should consider a cannabis nursery; this business model is slightly less involved than a full cultivation...
Last month, the California Department of Tax and Fee Administration announced an increase in the cannabis excise tax. Starting January 1, 2020, the new markup rate will be 80%, an increase from the original markup of 60%.