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Washington CPA: Update on 25% Marijuana Excise Tax

Washington CPA: Update on 25% Marijuana Excise Tax

SEPTEMBER 5, 2014 BY Dean G. Guske CPA

Over the last several weeks, there has been quite a bit of discussion about how to apply the 25% excise tax to your sales. I have read a few emails that have been forwarded to me for interpretation and have had some conversations with clients about what to do. I’m writing this to all of you in Washington’s legal marijuana industry as a courtesy and to clarify the issue from my perspective and give you my opinion of how the tax should be calculated. This primarily applies to producers and processors, however there are some implications to retailers, and I have some comments on some strategies being considered by them.

At this point, the LCB is still working to get all of their interpretations out to license holders.

http://mjnewsnetwork.com/business/washington-cpa-update-on-25-marijuana-excise-tax/






One Comment to Washington CPA: Update on 25% Marijuana Excise Tax

  1. Is anyone working on getting the law changed so that citizens of Washington will be permitted to grow a small amount of cannabis plants for personal use? I don’t hear of any such movement but I would like to and do what I can to bring it about. Thank you