Hello CalCannabis Cultivation Licensing Stakeholders:
The Board of Equalization (BOE) is committed to providing the most up-to-date information about The Adult Use of Marijuana Act of 2016 (Prop 64) and compliance with the various tax laws associated with the cultivation and sales of cannabis and cannabis products in California.
The BOE will email those who sign up to receive our latest news on Prop 64 and cannabis to inform those in the industry, and any member of the public, about tax compliance and related issues. 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 January 1, 2018. Cultivators will also be required to register by January 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. As the BOE develops the system and forms that you will need, we will send emails via this list serv to inform you.
The BOE will also use this email system to inform people about opportunities to weigh in on tax policies related to cannabis. We plan 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.
We also encourage you to follow the BOE’s social media pages to keep you informed about cannabis and general taxation laws, rules, and regulations.