§ 3701. Collection and Remittance of the Cannabis Excise Tax.
18 CA ADC § 3701Barclays Official California Code of Regulations
18 CCR § 3701
§ 3701. Collection and Remittance of the Cannabis Excise Tax.
(b) Cannabis Retailer's Remittance to a Distributor -- General. If a distributor sells or transfers cannabis or cannabis product to a cannabis retailer on or after January 1, 2018, then the retailer shall remit the cannabis excise tax due on the cannabis or cannabis product based on the average market price to the distributor that sold or transferred the cannabis or cannabis product to the retailer.
(1) A cannabis retailer that possesses or controls cannabis or a cannabis product at 12:01 a.m. on January 1, 2018, and makes a retail sale of that cannabis or cannabis product on or after January 1, 2018, shall remit the cannabis excise tax due based on the average market price to a distributor licensed pursuant to division 10 (commencing with Section 26000) of the Business and Professions Code that the retailer purchased or acquired cannabis or cannabis product from on or after January 1, 2018. The cannabis excise tax shall be remitted by the cannabis retailer to the licensed distributor on or before the fifteenth day of the calendar month following the close of the calendar month in which the tax was collected.
Credits
Note: Authority cited: Section 34013, Revenue and Taxation Code. Reference: Sections 34011 and 34015, Revenue and Taxation Code.
History
1. New section filed 12-28-2017 as a deemed emergency pursuant to Revenue and Taxation Code section 34013(d); operative 12-28-2017 (Register 2017, No. 52). A Certificate of Compliance must be transmitted to OAL by 12-30-2019 pursuant to Revenue and Taxation Code section 34013(d) or the emergency language will be repealed by operation of law on the following day.
This database is current through 3/22/24 Register 2024, No. 12.
Cal. Admin. Code tit. 18, § 3701, 18 CA ADC § 3701
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