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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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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023.

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Update: California Cannabis Tax Holiday

Canna Law Blog

Back in May though, Governor Gavin Newsom gave some hope to operators when he announced his proposal to eliminate the current cultivation tax. Newsom’s proposal also shifts the tax collection burden from distributors to retailers starting next year. This means that effective July 1, 2022, the cultivation tax is gone.

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International Cannabis Brand Cookies Debuts New SKUs in Washington State Through Partnership with Edgemont Group

Cannabis Law Report

–(BUSINESS WIRE)–International cannabis brand Cookies today announced the debut of new top-shelf concentrate and flower product lines at the Cookies Tacoma retail location, with statewide availability coming soon through an exclusive partnership with expert extraction company Edgemont Group , maker of Full Spec and Leafwerx products.

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California: City of Vista clean-up ordinance returns tax funds to cannabis businesses

Cannabis Law Report

VISTA — To alleviate pressures on cannabis businesses, the City of Vista cleaned up its rules to return hundreds of dollars in overpayments back to local dispensaries, and to collect some missing fees. Many overpaid the city, while there were some underpayments.

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Featured Cannabis Brand: AZ Nectar Farms

Kind Meds (Cannabis Education Blog)

The Phoenix-based cannabis brand has been building its cannabis selection since 2012 when it began researching and cultivating various strains for medical use. Since its beginning as a small medical cannabis supplier, AZ Nectar Farms has established its commitment to high-quality, carefully cultivated cannabis. AZ Nectar Farms Flower.

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And the Winner of the 2020 Election Is…Weed!

The Blunt Truth

With these new laws, nearly 110 million Americans (or over 1/3 of the country) will now live in a state where marijuana is legal for adult use and/or medicinal purposes. In New Jersey , by a nearly 2-1 margin, voters passed Public Question No. See Section 36-2851(2).