Vermont Tax Department Publishes Cannabis Tax Guide

The Vermont Department of Taxes Aug 1 released the Vermont Cannabis Tax Guide (GB-1313), which provides information on the taxation of cannabis businesses in the state. The guide covers tax issues related to cannabis cultivation, retail sale, and manufacturing, including Cannabis Excise Tax, Sales and Use Tax, Property Taxes, Vermont Income Tax, Tobacco Products Tax, and Local Option Tax, and also provides information on how to register a business with the Vermont Department of Taxes. [Vt. Dept. of Taxes, Pub. GB-1313, 08/01/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.

https://news.bloombergtax.com/daily-tax-report-international/vermont-tax-department-releases-cannabis-tax-guide

 

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