California Cannabis Taxes Hiked

CANNANNEW REPORT

For the second time since California launched its legal cannabis market in 2018, regulators are going to raise marijuana taxes statewide. According to a notice from the California Department of Tax and Fee Administration (CDTFA), all three types of marijuana cultivation taxes will increase effective Jan. 1, 2022. L720 The tax increase stems from a state law requiring the CDTFA to recalculate the wholesale cannabis markup rate every six months because of inflation. The tax rates for: Marijuana flower per dry-weight ounce will increase from $9.65 to $10.08. Cannabis leaves will increase from $2.87 to $3. Fresh marijuana plant material will increase from $1.35 to $1.41. The taxes in question are all paid by marijuana growers. The previous rate increase came Jan. 1, 2020, when the wholesale markup rate for marijuana was raised from 60% to 80%. Source:  https://mjbizdaily.com/california-regulators-about-to-increase-marijuana-taxes-again/

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Source : California Cannabis Taxes Hiked

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