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Cannabis Businesses May Benefit from California Budget Deal

by | Jul 1, 2022 | Sales & Use Tax Compliance |

The Governor and legislative leaders agreed on a variety of provisions in the 2022-2023 budget agreement including one that would help cannabis business owners. AB 195/SB 195 would repeal the cannabis cultivate tax, revise the cannabis excise tax to be collected at the point of retail sale, and it would allow businesses to claim a credit of up to 25% of their qualified expenses (employment compensation, safety-related equipment, training and services, and workforce development and safety training) up to $250,000.

To review all budget provisions, click here.


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