San Francisco Officials Delay New Cannabis Tax By A Year

Marijuana Retail Report writes…..

San Francisco officials decided to hold off by one year the implementation of a new cannabis sales tax.

According to Law360, the city’s Board of Supervisors unanimously approved a delay of the new tax until the end of 2021. The tax was slated to go into effect in January 2021.

The new tariff, approved by voters in 2018, is a sales tax on all marijuana products at 2.5% on gross receipts up to $1 million and at a 5% rate on receipts beyond $1 million.

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