California CDTFA Issues Notice on Cannabis Excise Tax Rate Increase Effective July 1

The California Department of Tax and Fee Administration (CDTFA) issued a notice announcing that the cannabis excise tax rate will increase from 15 percent to 19 percent of gross receipts from retail sales of cannabis or cannabis products, effective July 1. The notice provides information on the rationale for changing the tax rate, how the tax applies, and when the tax is due. [Cal. Dep’t of Tax & Fee Admin., Special Notice L-979, 04/01/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.