California cities may tax destroyed cannabis crops

Municipal governments across California are moving to tax marijuana cultivation facilities based on square footage, not on actual crop production.

Such an approach could mean cultivators will potentially have to pay taxes on crops that fail to generate revenue because they were destroyed by weather or other causes – such as the recent wildfires – The Union reported.

Here’s what you need to know:

• Cannabis growers in Northern California are still reeling from wildfires that destroyed more than 30 cultivation facilities in October.
• Officials in Nevada City, California, have proposed annual taxes on cultivators

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California cities may tax destroyed cannabis crops is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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