George Runner
Board of Equalization Member Fiona Ma and Vice Chair George Runner announce a historic listening and learning tour through Humboldt County with leaders in the area’s cannabis industry on April 7 and 8, 2015.
California Cannabis Voice Humboldt organized the tour of various businesses. This provided Board Members perspective on the product, from seed to sale, to help shape rational tax policy.
“I am proud to be a part of these informational meetings as part of a broader effort to engage stakeholders who will play an integral role in the regulation of this industry,” said Board Member Ma. “Our goal is to encourage this industry to come out of the shadows, to register, to become legal, and that is where we must find a balance for the future of our state.”
“This tour provided helpful insights into how we can work with the medical marijuana industry to promote compliance with California tax laws,” said Vice Chair Runner. “This is a growing industry, but we’re currently missing out on a great deal of revenue that is owed to the state.”
State law requires the payment of tax on sales of medical cannabis that is sold or used in California. The product is taxed at the local tax rate where the product is sold or where it will be used.
Runner and Ma are concerned with bringing existing medical cannabis operations into compliance with tax laws to assure state and local governments receive their fair share of tax revenue.
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