|
Good Afternoon Cannabis Retail Licensees,
The Finance Tax and Fee, Cannabis Tax Guide, and Cannabis Retailer report (Excel and fillable PDF) were updated to include medical cannabis product sales and tax reporting instructions. Click here for the current tax guide. For downloadable versions of the Monthly Sales/Tax Report and a how to guide on completing the form, click here.
The medical cannabis tax exemption (HB1453, RCW 69.50.535) law took effect June 6, 2024. It states – “registered patients who purchase DOH Medical Product (products with the additional testing requirements and the DOH logo attached) in a medically endorsed store qualify for the cannabis excise tax exemption.”
Reporting of medical cannabis exempted sales will start with the June 2024 Cannabis Retailer monthly sales/tax report due July 22, 2024. Cannabis retailers reporting medical cannabis exemption without an active medical endorsement will be notified by the Cannabis Excise Tax Unit that they are not eligible for the deduction and will be responsible to pay the 37% cannabis excise tax for medical cannabis product sales. Notices will be sent within three business days of LCB’s receipt of the report. To avoid being assessed the 2% late payment penalty on the account balance, payment will be due by the tax due date.
Additional information:
-
Click here for instructions for how to pay your cannabis excise tax payment online through CCRS via the “Make a Payment” button. If paying online, email your monthly sales/tax report to cannabistaxes@lcb.wa.gov.
- If you pay by check, cashier check, or money order, your payment is to be postmarked on or before the tax due date, to be considered on time. Postmarks that are not legible or absent will be considered received by the LCB when delivered to the agency.
- Add three extra days to the mail process if your payment will not be hand cancelled. This will ensure it is postmarked by the central mail processing center for your area on or before the tax due date.
- The 2% late payment penalty will be assessed each month there is an outstanding account balance after the tax due date.
Please go to our Rules page here for HB1453 rulemaking and “Interim Guidance”.
|
