California CDTFA Publishes Updated Guide on Cannabis Sales and Use Tax Requirements

The California Department of Tax and Fee Administration (CDTFA) published an updated guide providing an overview of the state sales and use tax and cannabis tax laws for businesses operating in the cannabis industry. The publication outlines requirements for cannabis businesses, including obtaining a seller’s permit and cannabis retailer excise tax permit, filing tax returns even when no sales are made, collecting cannabis excise tax from purchasers, maintaining accurate records for at least seven years, and understanding available tax exemptions such as those for qualified medical cannabis patients and donated medicinal cannabis. [Cal. Dep’t of Tax & Fee Admin., Publication ...