Retailers who sell cannabis and cannabis products will be required to register and begin collecting the 15 percent excise tax on their gross receipts by Jan. 1, 2018. Cultivators will also be required to register by Jan. 1, 2018 to collect and remit the cultivation tax currently set at $9.25 per dry-weight ounce of flowers, and $2.75 per dry-weight ounce for leaves.
Subscribers to Cannabis Outreach
will receive BOE’s latest news on Prop. 64 and cannabis as it relates to tax compliance. BOE will use this Listserv to keep the public, industry and others updated on the system and forms needed to comply with regulations.
BOE will also use this email system to inform people about opportunities to weigh in on tax policies related to cannabis. The agency plans to share news releases, videos, and information in other formats about the latest developments by the BOE to help you comply with tax laws and regulations related to the cannabis industry.