Remove 2020 Remove Collective Remove Compliance Remove Cultivation
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CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

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Nevada cannabis firm accused of failing to pay state taxes

Cannabis Law Report

A marijuana cultivator and producer in Washoe County could lose its license after it avoided paying hundreds of thousands of dollars in taxes, according to a complaint filed by the Cannabis Compliance Board this week. The state collects a 15 percent wholesale cultivation and production tax on marijuana in the state.

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Manzuri Law – End Of Year Roundup: Defining Moments in 2019 Cannabis and What They Mean for 2020

Cannabis Law Report

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. Here’s a look back at 2019 and a projection of what’s to come in 2020 Cannabis Law. . The End of the Collective Era. Co-Author: Meital Manzuri, Esq.

Law 59
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California marijuana firms face more state tax audits, millions of dollars in unpaid taxes

SpeedWeed

California rolled out its legal cannabis market in January 2018 with two new state taxes: a 15% excise tax and a cultivation tax. You’re going to see a lot of collection enforcement, 100%, as a result of the spending that’s been happening the past couple of years.”. Tax agency ramping up. Some audits underway.

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Update: Massachusetts Marijuana Establishments Surpass $2 Billion in Gross Sales

Cannabis Law Report

This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth.

Marijuana 100
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Greenest Cannabis Must Start Now

Cannabis Law Report

And this isn’t for lack of want — in fact in 2017 some forward thinking dispensaries had collection boxes for these products, although without scale they wound up just hoarding them as well. The only way to achieve this scale is to use dispensaries as the collection points, much like some were already doing back in 2017.”

Vaping 87
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Canada Revenue Agency has fined cannabis firms CA$1.3 million since adult-use market launch

SpeedWeed

The nearly two-dozen penalties for violations of the Excise Act include one large levy of approximately CA$500,000, according to the CRA, which collects taxes and administers tax law for the Canadian government. Seven penalties were assessed in 2020, totaling CA$527,798. The largest fine in 2020 was for CA$434,611.