article thumbnail

A Look Back at California Cannabis in 2022

Canna Law Blog

The California Department of Tax and Fee Administration ( CDTFA ) is the California cannabis agency that oversees state-level cannabis taxation. Under state law, CDTFA collected both a cultivation tax and an excise tax. In 2022, that all changed when the state adopted tax reforms.

article thumbnail

Federal Legalization – Then What?

Cannabis Law Report

[Note: while we don’t believe that anyone in Congress has proposed it yet, the Federal government could legalize cannabis for medical use [and perhaps for recreational use] and preempt many of the state laws. See The Murky Part of the STATES Act: Tribal Rights ].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Steve DeAngelo Writes Op-Ed For LA Times “How the U.S. tax code keeps the illegal market for marijuana alive and well”

Cannabis Law Report

UNITED STATES TAX COURT PATIENTS MUTUAL ASSISTANCE COLLECTIVE CORPORATION d.b.a. It’s fueling the underground market for weed and reducing the tax revenues the federal government should collect. The Morning After: Remaining Methods for Determining Cost of Goods Sold Following Harborside. Harborside Beats Penalties.

article thumbnail

21 Governors Call For Congress To Pass The SAFE Banking Act

SpeedWeed

The cash-only environment also burdens state and local government agencies that must collect tax and fee payments in person and in cash, which creates additional public expenses and employee safety risks.”. “Cash only businesses pose a significant public safety risk to customers and employees,” the governors continued.

Banking 52
article thumbnail

Brentwood: City to charge for each illegal cannabis plant to try and combat grow houses

Cannabis Law Report

Nearby in Antioch where several legal dispensaries operate, the city does not have such regulations on its books for marijuana cultivation in personal residences. Brentwood has regulated marijuana cultivation inside homes since 2017, when it incorporated state law into its municipal code, she said.

article thumbnail

Trump’s New U.S. Attorney General Pick Says He Won’t Pursue Pot Crackdown

Marijuana Lawyer Blog

Those fears were confirmed when Sessions formally rolled back the Cole Memo, a federal directive under the Obama administration not to pursue criminal actions or civil forfeiture against marijuana businesses that were abiding state law. As it now stands, 10 states (including California) plus Washington D.C.

article thumbnail

Common Tax Litigation Situations Marijuana Businesses May Encounter

Connor & Connor PLLC

Department of Treasury that collects and analyzes information about financial transactions in order to combat money laundering and other financial crimes. If you have been audited or are facing collections, we are also in a position to help you navigate that process. We’ll help you ensure that you are meeting your obligations.