Bloomberg
The Ohio Department of Taxation Sept. 9 adopted the changes to the rules on adult-use cannabis tax. The regulations include: 1) a definition of terms for the adult-use cannabis tax; 2) the commissioner will establish an adult-use cannabis tax account for each adult-use dispensary licensed by the Department of Commerce; 3) the filing and payment requirements for the adult-use cannabis tax; and 4) the procedures regarding assessments of the adult use cannabis tax by adopting the same procedures used for the assessment of the Ohio sales tax. [Ohio Dep’t of Tax’n, Reg. Section 5703-43-01 et al., 09/09/24]
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