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December 14, 2019
June 18, 2019
Sacramento – The California Department of Tax and Fee Administration (CDTFA) reported revenue numbers today for cannabis sales for the 1st Quarter of 2020. As of May 15, 2020, California’s cannabis excise tax generated $68.3 million in revenue reported on the 1st Quarter 2020 returns due by April 30, 2020, and the cultivation tax generated $16.4 million.
In announcing the latest charge, state Revenue Commissioner Cynthia Bauerly said the tax law “is a tool that the [Minnesota Department of Revenue] and law enforcement can use to get illegal and harmful products off the streets. This tax charge should serve as a deterrent to anyone smuggling or selling illegal controlled substances in Minnesota.”