The California Board of Equalization this week said come Jan. 1 it would begin the process of implementing a tracking system for medical marijuana dispensaries that will allow it to determine state taxes due.
The system is part of the trio of bills passed this year that will license and regulate the pot business in 2018.
The BOE said in a statement that the “industry tracking system” is among laws that will become effective Jan. 1.
“Assembly Bill (AB) 266 requires the BOE to adopt a commercial cannabis and cannabis products distribution tracking system,” the board said. “This will assist in BOE’s current role of sales and use tax collection at the dispensary level, and if excise taxes are later added at the state and local levels. This law establishes a comprehensive statewide regulatory framework for commercial medical cannabis activity to protect patients, promote public safety, and further enhance compliance with state laws in the medical cannabis industry.”
The BOE added that further provisions of the regulation package will go into effect on Jan. 1, 2018.
“AB 243 and Senate Bill 643 provide further licensure and regulation in the industry,” it said. “The BOE will work with the Departments of Consumer Affairs, Food and Agriculture, Public Health, and other state agencies as these laws are implemented and effective January 1, 2018.”