CA marijuana legalization snafu means tax holiday for MMJ firms

420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com

An omission in the language of California’s recently approved adult-use marijuana ballot initiative has resulted in a sales tax holiday for medical cannabis businesses through the end of 2017.

The snafu means medical marijuana users don’t have to pay the existing 7.5% sales tax, which could give MMJ businesses more pricing flexibility and a bump in sales.

The initial thinking behind Proposition 64 was to give medical marijuana users a tax break versus recreational consumers once the initiative kicked in come 2018, according to the Washington Post.

But the Jan. 1, 2018 start date was left out

CA marijuana legalization snafu means tax holiday for MMJ firms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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