California Cannabis Tax Revenues Fall Short of Projections Again for the Second Quarter

As the nation’s largest legal cannabis market, the regulators had projected $185M in cannabis tax revenues for the first six months of 2018. However, the cannabis taxes collected during this period have fallen significantly short. Based on the figures released by the California Department of Tax and Fee Administration, the cannabis tax revenues were $60.9M[…]

Taxnexus Enables Cannabis Taxpayers with Automated Tax Compliance Solution.

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[…]