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Posted innews/local

State Department of Tax and Fee Administration Reports Cannabis Tax Revenues for the 2nd Quarter

by SFVS Staff August 25, 2021August 25, 2021

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The California Department of Tax and Fee Administration (CDTFA) reported revenue numbers today for cannabis sales for the 2nd Quarter of 2021.

As of Aug. 17, California’s cannabis excise tax generated $172.3 million in revenue reported on the 2nd Quarter 2021 returns due by Aug. 2, and the cultivation tax generated $40.4 million. Sales tax revenue from cannabis businesses totaled $120.5 million for the same period.

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Sales tax applies to sales of cannabis, cannabis products, and other tangible personal property. Certain retail sales of medicinal cannabis are exempt from sales and use taxes when the purchaser provides, at the time of purchase, a valid Medical Marijuana Identification Card issued by the California Department of Public Health and a valid government-issued identification card.

Total tax revenue reported by the cannabis industry is $333.2 million for 2nd Quarter returns.

This does not include tax revenue collected by each jurisdiction. Previously reported revenue for 1st Quarter 2021 returns was revised to $304.8 million, which included $157.8 million in cannabis excise tax, $39.2 million in cultivation tax, and $107.8 million in sales tax.

Since January 2018, total program revenue to date is $2.8 billion, which includes $1.4 billion in cannabis excise tax, $347.4 million in cultivation tax, and $1.0 billion in sales tax.

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