California CDTFA Adopts Emergency Regulations on Cannabis Excise Tax

Bloomberg reports The California Department of Tax and Fee Administration (CDTFA) adopted emergency regulations on Cannabis Excise Tax. The adopted regulations prescribe measures: (1) establishing procedures for return, remittance, and collection of excess cannabis tax; (2) clarifying when and how a cannabis retailer may file a claim for a cannabis excise tax credit; (3) establishing […]