For the second time since California launched its legal cannabis market in 2018, regulators are going to raise marijuana taxes statewide.
According to a notice from the California Department of Tax and Fee Administration (CDTFA), all three types of marijuana cultivation taxes will increase effective Jan. 1, 2022.
L720The tax increase stems from a state law requiring the CDTFA to recalculate the wholesale cannabis markup rate every six months because of inflation.
The tax rates for:
- Marijuana flower per dry-weight ounce will increase from $9.65 to $10.08.
- Cannabis leaves will increase from $2.87 to $3.
- Fresh marijuana plant material will increase from $1.35 to $1.41.
The taxes in question are all paid by marijuana growers.
The previous rate increase came Jan. 1, 2020, when the wholesale markup rate for marijuana was raised from 60% to 80%.
Source: https://mjbizdaily.com/california-regulators-about-to-increase-marijuana-taxes-again/
