Sales Tax Requirements for Medical Cannabis Sellers in California

Friday, October 16th, 2015

 
 
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The California State Board of Equalization ("Board") released a notice outlining some rules for sellers and growers of medical cannabis. Sellers, including growers and dispensaries, must register with the Board for a seller's permit and must file sales and use tax returns. All sales of medical cannabis, except sales for resale, are taxable. Customers must provide resale certificates to show that a transaction is a sale for resale. Also, the partial exemption for purchases of farm machinery and equipment by qualified farming businesses may apply to sellers and growers of medical cannabis.

https://www.boe.ca.gov/pdf/l421.pdf


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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