California’s tax collectors are setting their sights on the state’s cannabis industry – in particular, unlicensed businesses as well as legal operators who haven’t paid their taxes.
Those two groups collectively owe the state nearly $200 million in unpaid taxes.
In response. the California Department of Tax and Fee Administration (CDTFA) is especially targeting underground marijuana operators that have undermined the legal market by skipping taxes and undercutting legal companies.
The CDTFA has launched raids and auctioned off seized properties as part of heightened efforts to collect unpaid taxes and rein in underground operators, according to MJBizDaily California correspondent Chris Casacchia.
Legal marijuana businesses, meanwhile, are facing stepped-up efforts by the state as well.
A CDTFA spokesperson told Chris that the escalation signals a return to normalcy in state government functions as the economy rebounds from the pandemic-led downturn.
Chris’ story offers a deep dive into the topic and serves up examples of how the state has been going after unlicensed businesses – as well as at least one legal business.
Read more at MJDaily