Marijuana Retail Report writes…..
San Francisco officers determined to carry off by one yr the implementation of a new cannabis sales tax.
According to Legislation360, town’s Board of Supervisors unanimously accredited a delay of the brand new tax till the top of 2021. The tax was slated to enter impact in January 2021.
The new tariff, accredited by voters in 2018, is a gross sales tax on all marijuana merchandise at 2.5% on gross receipts as much as $1 million and at a 5% price on receipts past $1 million.