Hello all Monterey clients and friends,
In case you were not yet heard, the Monterey County Board of Supervisors voted last night to lower the cannabis tax rates across the board.
Please see the following new tax rates:
- Mixed Light Cultivation (greenhouses): $5 per square foot
- Indoor Cultivation: $8 per square foot
- Nurseries: $1 per square foot
- Manufacturers: 2.5% of gross receipts
- Distributors: 2% of gross receipts
- Testing: 1% of gross receipts
- Retailers: 4% of gross receipts
Thank you, stay safe, and good luck out there! Todd Winter, WINTER LLP.