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Business Taxes Law Guide – Revision 2021
 

Cannabis Tax Regulations

Title 18 of the California Code of Regulations

Article 1. General Provisions and Definitions

Regulation 3702


Regulation 3702. California Cannabis Track-and-Trace.

[Repealed by operation of law April 26, 2021.]


Regulation 3702. California Cannabis Track-and-Trace.

Reference: Sections 34011 and 34015, Revenue and Taxation Code; Section 26067, Business and Professions Code.

A distributor or cannabis retailer that is required to record commercial cannabis activity in the California Cannabis Track-and-Trace system pursuant to the Medicinal and Adult-Use Cannabis Regulation and Safety Act (commencing with section 26000 of the Business and Professions Code), shall enter into the California Cannabis Track-and-Trace system specified information as follows:

(1) Wholesale Cost. When cannabis or cannabis products are sold or transferred to a cannabis retailer in an arm’s length transaction, the distributor and cannabis retailer shall enter the cannabis retailer’s wholesale cost of the cannabis or cannabis products.

(2) Retail Selling Price. When cannabis or cannabis products are sold in a retail sale, the cannabis retailer shall enter the retail selling price of the cannabis or cannabis products.

History—Emergency regulation repealed and amended Regulation 3702 adopted, effective April 26, 2021. The amendments deleted Government Code section 15570.40 from the regulation’s authority note and deleted Revenue and Taxation Code section 34010 and Business and Professions Code section 26068 from the regulation’s reference note.