Taxnexus Predicts a Cannabis Green Wave on November 6, 2018 States, counties and cities are piling onto the cannabis tax bandwagon. While pundits on TV talk about a pending Blue Wave on November 6th, Taxnexus sees a Green Wave of 43 new local cannabis tax measures in California and 4 state legalization measures on[…]
“Fillmore voters will have the chance to decide in November whether their city will become the second in Ventura County to allow commercial-scale marijuana cultivation…If approved by a majority of voters, the measure would allow medical marijuana to be grown indoors, with a city permit. It would prohibit all other types of marijuana businesses — including[…]
Some local jurisdictions across California have realized that to stay competitive and to bring, and to keep, consumers out of the black market, they need to lower their ambitiously high cannabis tax rates. Among them is Grover Beach in San Luis Obispo County. Effective May 7, 2018, Grover City reduced its commercial cannabis tax rate[…]
A FREE TAX COMPLIANCE COMMUNITY TO SUPPORT CANNABIS BUSINESSES Taxnexus Community is designed to help the cannabis taxpayer. Cannabis tax revenues, along with the medicinal benefits for patients, were the motivating factors for cannabis legalization in California. While the medicinal benefits are in full effect for businesses and patients, California cannabis taxes have become the[…]
With the new wave of cannabis legalization, not only do cannabis businesses (aka “taxpayers”) have to comply with stringent product regulations, but also with complicated tax laws. The complexity of taxes is especially felt by cannabis taxpayers in states like California where the state regulators have not placed a standard for localities for implementing cannabis[…]
California Cannabis Tax Compliance – Let the Chaos Begin! By Jasmine Davaloo, Esq. Co-Founder of Taxnexus, Inc. The Golden State forgot to put some important local jurisdictional restrictions in the current cannabis tax law, which has resulted in a frighteningly high level of concern and non-compliance from cannabis taxpayers. Let’s set the stage for[…]