LEX CANNA

CDTFA CANNABIS TAX ANNOUNCEMENTS

The California Department of Tax and Fee Administration (“CDTFA”) recently released new tax guidance concerning cannabis. In one release, CDTFA provided an explanation concerning the excise tax and its application to products that were in retailers’ inventories as of January 1, 2018. Retailers must collect the 15% excise tax from their customers and pay the […]

Emergency Regulation Addresses Tax Puzzle

As California scrambled to get rules in place for its new state-legal cannabis market, one welcome, if imperfect, feature of has been flexibility with respect to pre-existing inventory. For example, Section 5029 of the Bureau of Cannabis Control’s emergency regulations allows businesses to sell goods in inventory that do not comply with labeling requirements under […]

Beyond Licensing: Prop 65 Liability Risks for California Cannabis Companies

California has finally ushered in the era of state-licensed cannabis, and cannabis is now a commercial product much like any other (well, at least in the state’s eyes). Forward-thinking companies will not rest on their laurels after obtaining their state licenses, however. As with any product sold to consumers, selling cannabis carries various liability risks. […]