Bloomberg
The California Department of Tax and Fee Administration (CDTFA) adopted regulations to further specify the phrase “gross receipts of any retail sale by a cannabis retailer” for purposes of the cannabis excise tax. The regulations were effective Dec. 15, 2023, and will remain in effect for two years. [Cal. Dep’t of Tax and Fee Admin., Regs. Sections 3700, 3802, 12/29/23 Cal. Reg. Notice Reg.]
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