Cannabis Business Taxes

Reporting On Your Tax Return

Do you know how to report cannabis business taxes on your tax return? Marijuana business taxes are determined by coming up with a mark-up rate.

This mark-up rate is used by the distributors to compute an average market price on marijuana or cannabis products that are sold to a retailer.

The cannabis excise tax mark-up rate has been 60% and the CDTFA determined that there would be a continuation of this for at least another 6 months starting July 1, 2018.

Cannabis Business Taxes

The CDTFA is responsible for determine mark-up rates two times a year in six-month intervals.

Current tax rates can be reviewed by choosing "Cannabis Taxes" at the cdtfa.ca.gov website.

They will pull together feedback and comments from the marijuana industry and others who have an interest on the existing regulations. 

Tax Guide for Marijuana Businesses

A tax guide for cannabis businesses has been created and is updated with new tax facts that will answer specific concerns that taxpayers in the marijuana industry might be facing at any given time.

There are also videos that include instructions on how cannabis taxpayers must complete and file their cannabis tax return. The guide is continuously being updated by the CDTFA when there is more important information.

You can see the Tax Guide For Cannabis Businesses here

Latest Cannabis Tax Facts

To make sure that get the latest marijuana tax facts, as well as other special changes on cannabis tax related issues, news releases, and regulatory changes, please sign up for the Bookkeeping Basics Newsletter

Cannabis Business Legal Forms

You can print and download your own customized business and financial online legal form document in 5-10 minutes for free by following the links below.  

Income Tax Deductions


Tax time can leave you full of questions about what kinds of expenses are deductible. The income tax forms and tax deduction lists you find here will help you determine your income tax deductions.

Includes tax deduction lists for firefighters, business professionals, airline personnel, day care providers, law enforcement, hairstylists, truckers, educators and more!

Download your free Income Tax Deductions forms here

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