Releases ‘Tax Help for the Cannabis Industry’ Video Series
Sacramento – The California Department of Tax and Fee Administration (CDTFA) has produced a three-part video series to help individuals who operate cannabis-based businesses learn about their tax responsibilities.
On January 1, 2018, two new cannabis taxes took effect – a cultivation tax and an excise tax. In addition, businesses that make retail sales of cannabis and cannabis products are required to report and pay sales and use tax. These videos will provide general information on the tax requirements for cannabis retailers, distributors, cultivators, and manufacturers. They also explain how to register for a cannabis tax permit and seller’s permit, how to determine if sales are taxable, how to calculate the proper tax rate, when to use or accept a resale certificate, and how to file returns and maintain adequate records.
The three-part video series includes:
Tax Help for the Cannabis Retailer
Tax Help for the Cannabis Distributor
Tax Help for the Cannabis Cultivator or Manufacturer
For more information about topics covered in these videos, email CDTFACannabisHelp@cdtfa.ca.gov, or view Tax Guide for Cannabis Businesses on the CDTFA website. For more information, call the Customer Service Center at 1-800-400-7115 (TTY:711) Monday through Friday, 8:00 a.m. to 5:00 p.m. (Pacific time), except state holidays.
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Important Notice: Recent legislation created the California Department of Tax and Fee Administration (CDTFA) to administer the taxes and fees previously collected by the Board of Equalization, with the exception of Property Tax, Alcoholic Beverage Tax and Insurance Tax. Additional information concerning this recent change can be found at www.boe.ca.gov and at www.cdtfa.ca.gov. For more information on other taxes and fees in California, visit the California Tax Service Center.
Note: This video series is intended to provide general information regarding the application of tax and will not serve as a basis for relief of liability under Revenue and Taxation Code sections 6596 and 55045. Changes in law or regulations may occur. If there is a conflict between the content of these videos and the law, decisions will be based upon the law and not the videos. For specific help, please contact the CDTFA at 1-800-400-7115.