DOWNLOAD A FLYER ABOUT CANNABIS TAX FAIRNESS IN CALIFORNIA UPDATE 7/10/2023 – SB 512 (Bradford), to end double taxation on cannabis by including state and local excise taxes when calculating other taxes, was held in the Assembly Revenue and Taxation committee and will likely not advance this year in its present form. Committee chair Jacqui …
At Gov. Newsom’s press conference this morning announcing his May budget revision, he was asked about his proposal to end the cannabis cultivation tax while keeping the state excise tax at 15%, while granting authority to raise the tax to as much as 19% if tax revenues fall below $670 million as soon as January …
With California’s legal cannabis industry in dire straits due to high taxes and regulatory costs, California NORML called on legislators to pass a tax relief bill by Sen. Bradford (SB 1281) at a hearings before the State Senate Governance and Finance Committee on May 4. The Bradford bill would eliminate the state cultivation tax, which …
November 22, 2021 – The California Dept. of Taxation and Fee Administration has ruled that the cultivation tax on legal cannabis be raised from $9.65 to $10.08 per dry-weight ounce of flower, from $2.87 to $3 for leaf, and from $1.35 to $1.41 for fresh material starting on January 1, 2022. California Should Be Reducing, …