State Cracking Down on Unpaid Cannabis Taxes
Delinquent cannabis businesses beware. The California Department of Tax and Fee Administration (CDTFA) has ramped up enforcement against the cannabis industry in an effort to reclaim $200 million in unpaid taxes, Marijuana Business Daily reports.
The efforts are targeting both licensed and non-licensed entities.
“The escalation, according to the department, signals a return to normalcy in state government functions as the economy rebounds from the pandemic-led downturn,” Marijuana Business Daily reports.
CDTFA spokesperson Tamma Adamek told the publication: “Now that the economy is showing signs of recovery, we are resuming our standard approach to enforcement in all industries, including cannabis.”
Read more here.