Senate Bill 34 or the Dennis Peron and Brownie Mary Act was signed by Governor Gavin Newsom October 12, 2019, the purpose of this act is to insure legalization moves as fluidly as possible. Multiple tariffs will be set in order to allow the regulated cannabis to be a steady source of public income. Cultivation Taxes are to be Imposed on regulated cannabis, unless specifically designed for donation to patients or medical practitioners. Additionally distributors will have to register with California Cannabis Track And Trace, in order to track the wholesale cost and the retail value of your products.
Read More Here: SB34California Department of tax and fee administration