April 17, 2024 By Lauren Mendelsohn Yesterday, the Sonoma County Board of Supervisors voted unanimously to amend the County’s Cannabis Business Tax Ordinance to revise the tax rates imposed on different types of commercial cannabis operators. (Technically this was the first reading of the ordinance, so it will need […]
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by Omar Figueroa and Lauren Mendelsohn August 30, 2023 The U.S. Department of Health and Human Services (HHS) is suggesting that cannabis should be reclassified from Schedule I to Schedule III under federal law. This significant shift reflects the view that cannabis no longer has a high potential for abuse […]
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By Omar Figueroa and Lauren Mendelsohn March 20, 2023 Starting in 2023, the State of California is providing several tax incentives for owners of certain types of cannabis businesses. Below we will be discussing the High-Road Cannabis Tax Credit, the Cannabis Equity Tax Credit, and Vendor Compensation for qualifying equity […]
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By Lauren Mendelsohn, Esq. February 3, 2023 On January 30, 2023 the California Office of Administrative Law (OAL) approved emergency regulations related to cannabis taxes that were proposed by the California Department of Tax and Fee Administration (CDTFA). The approved rulemaking package consists of amendments to Section 3700 (Cannabis Excise […]
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By Lauren Mendelsohn November 3, 2022 Significant changes to California’s cannabis excise tax are coming soon, thanks to Assembly Bill 195 (2021-2022), a cannabis “trailer bill” which was adopted by the State legislature over the summer and signed into law by Governor Gavin Newsom on June 30, 2022. We […]
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By Lauren Mendelsohn August 15, 2022 Last week, Senate Bill 519 — which would have removed criminal penalties from certain activities associated with LSD, psilocybin, psilocyn, DMT, mescaline, ibogaine, and MDMA — was amended and gutted of all meaningful parts in a hearing before the Assembly Appropriations Committee last week. […]
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Cultivation Tax Immediately Terminated; Excise Tax Modified; and Tax Relief Provided to Certain Licensees By Lauren Mendelsohn July 1, 2022 Yesterday, California Governor Gavin Newsom signed Assembly Bill 195, a budget “trailer bill” containing various items related to cannabis, into law. Among other things, the bill makes significant changes […]
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June 30, 2022 By Lauren Mendelsohn Yesterday, the California legislature adopted Assembly Bill 195, a budget “trailer bill” specifically regarding cannabis-related items. The bill is now headed to Governor Newsom’s desk, where he is expected to sign it into law. AB-195 makes a number of changes to cannabis policy, […]
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May 13, 2022 By Lauren Mendelsohn Today, California Governor Gavin Newsom released his proposed 2022-2023 Revised Budget and gave a press conference discussing his proposals. In terms of cannabis policy, which is addressed in the General Government and Statewide Issues chapter, Governor Newsom is proposing to set the cultivation tax […]
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by Omar Figueroa, Andrew Kingsdale and Lauren Mendelsohn April 29, 2022 NOTE: This Expert Analysis was concurrently published in Law360, a legal news service widely used by the legal community in the United States. Law 360 curates Expert Analysis in numerous areas of law. The PDF can be downloaded HERE.
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