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California Cannabis Industry Has Provided $2.8 Billion in Tax Revenue Since 2018

SpeedWeed

Since the state launched its first adult-use sales in January 2018, the cannabis industry has provided a total program revenue of $2.8 million in cultivation tax and $1 billion in state sales tax during the course of the past 3 1/2 years. California’s current cultivation tax is based on $9.65 billion, which includes $1.4

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CCT CET: Responsible Persons, “Collection & Remittance of Cannabis Excise Tax [“CET”] & Cannabis Cultivation Tax [“CCT”]

Cannabis Law Report

The weakness relates to the collection and remittance of Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”]. When the Distributor role was created, the California Legislature decided to place the majority of the collection and remittance responsibility on it [1]. “A

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 This document reviews each state’s adult-use cannabis tax structure, population, and revenue from legalization. million as of November 2021.

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Dispensary Spotlight: Cookies Peoria Heights

Illinois News Joint

According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products.

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Dispensary Spotlight: Cookies Bloomington

Illinois News Joint

According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products.

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California: CCT and CET Collection Mechanics: “CDTFA failed abysmally to inform and educate the entire group – cultivators, distributors, and manufacturers, regarding the record-keeping responsibilities relating to CCT.”

Cannabis Law Report

We have discussed in other Posts our concerns about inadequacies in the information the California Department of Tax and Fee Administration [“CDTFA”] has distributed relating to the Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”] as well as inadequacies in the tax return CDTFA adopted [1]. CCT is collected from cultivators.

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Dispensary Spotlight: Cookies Pontoon Beach

Illinois News Joint

According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products.