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Changes to Excise Tax Responsibilities for Retailers and Distributors Coming January 1

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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Governor Newsom Signs Cannabis Trailer Bill, Resulting in Largest Changes to State Cannabis Tax Policy Since Prop. 64

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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