Information from the California government notes that retailers must “pay sales tax and cannabis excise tax on all taxable sales despite the loss of cash due to theft… If cannabis or cannabis products are stolen from a retailer, the cannabis excise tax may not be owed.” In general, a 15 per cent excise tax is imposed on retail purchasers of all cannabis and cannabis products, the information states. “As a retailer, you are required to pay the cannabis excise tax to your distributor and collect the cannabis excise tax from your customers,” it explains. Cannabis businesses in Oakland, Calif. that were damaged and had cash and product stolen during a spate of robberies earlier this month are asking for tax relief from both local and state agencies. Supernova Women reports that 15 licensed cannabis businesses in Oakland, including both stores and offices, were vandalized during the week of Nov. 15. In an Instagram post, Supernova Women argues that “regular Oakland businesses pay 0.12 per cent. The Cato Institute notes the state further an 8.5 per cent sales tax on recreational marijuana consumers, but not medical weed users.
Cannabis businesses in Oakland, Calif. that were damaged and had cash and product stolen during a spate of robberies earlier this month are asking for tax relief from both local and state agencies.
Cannabis retail businesses targeted during a recent robbery and looting spree in the Bay Area — which includes communities like San Francisco and Oakland — need assistance “to recover and sustain their operations,” notes Supernova...
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