Tag: CBT > Business Issues/ Benchmarks > Cannabis Cultivation Tax: Page 2

Legislation and Regulation

Los Angeles County Voters to Decide on Cannabis Taxes in Unincorporated Areas This November

The proposed measure will be placed on the Nov. 8 ballot and will require a majority vote to pass.

August 12, 2022

Outdoor Cannabis Cultivation

California's Cultivation Tax Cut: 'A Step in the Right Direction'

Cultivation companies welcome relief, but industry stakeholders say more reform is necessary to compete with illicit market.

August 3, 2022

Videos

Navigating California: Tips From Seasoned Operators and Experts

In this special 90-minute presentation, Angela Pih (StateHouse Holdings), Jocelyn Sheltraw (Headset), Claudio Miranda (Guild Extracts) and Swami Chaitanya and Nikki Lastreto (Swami Select) share tips for California plant-touching cannabis operators in today's market as it relates to price compression, retail scarcity/imbalance, resource-intensive sales and marketing support, and much more.

July 27, 2022

Legislation and Regulation

California Eliminates Cannabis Cultivation Tax, Effective Immediately

The tax, which imposed a rate of $161 per pound on licensed growers, was zeroed out following Gov. Gavin Newsom’s budget signing.

July 1, 2022

California

California Lawmakers Consider Budget Trailer Bill to Eliminate Cannabis Cultivation Tax

The proposal would also shift the 15% excise tax from distributors to retailers.

June 28, 2022

Cannabis Sales Trends

California Cannabis Sales Dip to Lowest Mark Since 2020 Q2

The sales downtrend for the state’s legal market comes as state regulators licensed a record number of retailers in the first quarter of 2022.

June 1, 2022

Legislation and Regulation

Santa Barbara County Board of Supervisors Votes Against Changing Cannabis Cultivation Tax

The current taxation system, which is based on the self-reported dollar value of the crops, will remain intact for now.

May 18, 2022

California

UPDATE: California Governor’s New Budget Proposal Calls For Fewer Taxes, More Retail, New Method of Excise Tax Collection and Remittance

The revised proposal includes setting the cultivation tax at zero, moving the excise tax collection and remittance from distribution to retail, and funding jurisdiction to increase consumer access to legal cannabis.

May 13, 2022

Finance

New Study Finds Keeping or Eliminating California’s Cannabis Cultivation Tax Yield Similar Revenues

The Reason Foundation’s analysis comes as the state’s Department of Cannabis Control picks up momentum on retail licensing.

May 11, 2022

Cannabis Cultivation Tax

Out of the Shadows

David Holmes once operated in secrecy to avoid legal landmines in California’s murkily regulated, pre-adult-use ‘gray market.’ After a 2013 raid derailed his business and threatened to destroy his family, he launched his Clade9 brand, and rebuilt his cannabis career and his life.

March 30, 2022

Legislation and Regulation

California Senator Introduces Bill to Create Tax Credit for Cannabis Dispensaries

Sen. Scott Wiener’s Senate Bill 1336 would establish a tax credit equal to the amount of several qualified business expenses.

March 18, 2022

California

California’s Sonoma County Cuts Taxes for Local Cannabis Farmers

The Board of Supervisors unanimously approved a measure to slash taxes by 45% to aid the local cannabis industry, which is struggling to survive under county and state tax policies.

March 16, 2022