Cali Tax Credits for Cannabusinesses

According to Wolters Kluwer, Cali is now offering two new tax credits for cannabusiness operators for the tax years 2023 through 2027. There’s one that’s for “high-road” employers who meet certain employment requirements. The other option is for cannabis equity licensees.

California Amends Law for Corporation & LLC Dissolutions
Image from Wolters Kluwer

Taxpayers are now allowed to claim these credits against corporate franchise and income taxes or personal income tax. With this in mind, these credits are a component of a larger cannabis tax relief bill.

Author:
Louis Levey is the Content Success Manager and Founder at No Strings Content. He's passionate about helping cannabis businesses use content to attract, educate, and convert audiences. His hometown is Boca Raton, Florida, but he currently lives and works remotely in Chiang Mai, Thailand.

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