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JDizzle

12/17/18 12:37 PM

#56669 RE: Msquigley #56668

If you own a business in California that sells cannabis and/or cannabis products, you must register with the California Department of Tax and Fee Administration for a seller’s permit and regularly file sales and use tax returns. In addition to a seller’s permit, if you are a distributor, or microbusiness licensed to act as a distributor, of cannabis and/or cannabis products, you must register with the CDTFA for a cannabis tax permit and regularly file cannabis tax returns.

$LVVV

bmel

12/17/18 12:40 PM

#56670 RE: Msquigley #56668

We continue to take the painfully slow but necessary steps in order to ultimately do Cannabusiness in CA.
We are still working towards our goal, it's not in the timeframe that most of us want, but it is still happening...
Hang long and strong boys!

https://california.public.law/codes/ca_rev_and_tax_code_section_34014

GO LVVV & APRU!!!

JDizzle

12/17/18 12:44 PM

#56671 RE: Msquigley #56668

The distributor is required for all the tax records. And when selling between licensed manufactures you need to show both the License and sellers permit. We have ‘em both now. As they stated in the report, 2019 is a new leg up for LVVV, we will be seeing big things happening here soon. This was needed to actually recognize revenue from MJ in a nutshell.

Where we are at today, is DIRT CHEAP!! I hate seeing these prices and not able to buy. lol.

$LVVV