A three-part video series to help cannabis-based business operators learn about their tax responsibilities has been released by the California Department of Tax and Fee Administration.
The series includes “Tax Help for the Cannabis Retailer,” “Tax Help for the Cannabis Distributor” and “Tax Help for the Cannabis Cultivator or Manufacturer.” They can be accessed at http://www.cdtfa.ca.gov/industry/cannabis.htm#Videos.
Two new state cannabis taxes took effect Jan. 1 — a cultivation tax and an excise tax — and businesses that make retail sales of cannabis and cannabis products are also required to report and pay sales and use tax, a Department of Tax and Fee Administration spokesman said.
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The videos provide general information on tax requirements for cannabis retailers, distributors, cultivators and manufacturers, the spokesman said.
They also explain how to register for a cannabis tax permit and seller’s permit, how to determine if sales are taxable, how to calculate the proper tax rate, when to use or accept a resale certificate, how to file tax returns and how to maintain adequate records.
More information is also available by calling the CDTFA Customer Service Center toll-free at 800-400-7115 from 8 a.m. to 5 p.m. Monday through Friday.