Here are 3 important things to check before the July 1st deadline:
- Sell or destroy non-compliant inventory by June 30th to comply with the BCC’s transition period requirements.
- Make sure you’re collecting appropriate excise & sales taxes on your pre-2018 legacy products.
- Have you applied for your temporary license extension? Please let us know where you are in the licensing process here if you haven’t already. This is the best way to ensure a smooth transition to track and trace.
1. Reminder: Sell or destroy non-compliant inventory by June 30th.
June 30, 2018 marks the end of the “grace period” dispensaries had to sell cannabis products that wouldn’t meet the Bureau of Cannabis Control’s new regulations.
What we recommend:
- Prepare to sell or destroy non-compliant inventory by June 30th.
- Stock up on tested, compliant product prior to June 30th in the event that there are shortages in supply beginning July 1st.
- Train your staff on the new regulations to reduce the risk of employees accidentally putting you out of compliance.
What do California dispensaries need to do by June 30th?
Dispensaries need to sell or destroy non-compliant inventory by June 30th. The complete list can be found below, via the California Cannabis Portal.
2. Collect appropriate taxes.
Product purchased prior to January 1st, 2018, and goods produced under a micro business license require you to collect excise tax at the Register. Your sales tax on these products also needs to include an appropriate percentage of the excise tax value (source: CA Tax Guide for Retail Cannabis Business).
If you haven’t found the best way to calculate this, we have a solution here.
3. Help us help you transition to Track & Trace.
Where are you in the licensing process?
If you haven’t already, please let us know where you are licensing process here. This is the best way to ensure a smooth transition to Track & Trace.