Tax
Feb. 2, 2017
Law would let agencies accept cannabis cash
Under a new state senate bill proposed by Sens. Toni Atkins and Scott Wiener, local agencies would be authorized to accept cash payments from cannabis businesses for state licensing fees and other payments. By Lance Rogers
Under a new state senate bill proposed by Sens. Toni Atkins and Scott Wiener, local agencies would be authorized to accept cash payments from cannabis businesses for state licensing fees and other payments. The funds would then be transferred to the State Board of Equalization which would then allocate the funds to the appropriate state agency. Municipalities are not required to participate in the program; however those cities that...
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