Alert: Governor Gavin Newsom signs legislation implementing the 2022-23 state budget, including trailer bill focusing on measures to bring tax relief to the cannabis industry
Cannabis Law Report
JULY 1, 2022
The cannabis tax reform trailer bill will: Indefinitely suspend the cannabis cultivation tax effective July 1, 2022. Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain.
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