U.S, May 18, 2020 (CANNABISBUSINESSTIMES) California’s three cannabis licensing authorities announced May 14 that businesses with licenses that expire between now and June 30 may request a 60-day deferral of their licensing fee payments, according to a state press release.
The deferrals are meant to provide financial assistance to cannabis businesses that have been impacted by the ongoing COVID-19 pandemic.
The Bureau of Cannabis Control (BCC), California Department of Food & Agriculture (CDFA) and California Department of Public Health (CDPH) will immediately start accepting requests for fee relief, and with a deferral, licensing fees will be due 60 days from the date of expiration.
California’s cannabis industry is also eligible for tax assistance offered by the California Department of Tax & Fee Administration and the Franchise Tax board, as announced last month.
