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I-Glow

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Re: LionsTact post# 130339

Monday, 09/01/2014 10:08:37 AM

Monday, September 01, 2014 10:08:37 AM

Post# of 137698
No, that isn't correct - a seller's permit is always required. That is for any business.

The law is very specific about taxes in California. It is 7.5% state sales tax, plus any additional local tax.

CA NORML also states:

Dispensaries are expected to file for a seller's permit and pay sales taxes to the Board of Equalization.

If Pharmajanes is making any sales then they must have a sellers permit - so we know there is a problem because AEGY reported zero revenue - there are only two options - either Pharmajanes is selling anything or they are involved in tax evasion.

Maybe ole benzy can clear this up.

IG

It's easier to fool people than to convince them that they have been fooled

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