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Uploaded: 2024-08-28T18:20:56.596Z
Duration: 1 min 37 s
Channel: 420 CPA

420 CPA reposted this

Rachel Wright, CPA, MST

Financial leadership in the cannabis industry.

3mo

REMINDER: TOMORROW at 10AM PST: Calling all CANNABIS OPERATORS – AND ACTIVISTS 🛑 STOP CALIFORNIA’S CANNABIS EXCISE TAX GRAB! Check out my interview with Elliot Lewis of Catalyst Cannabis Co. at The Emerald Cup. ⬇️Full announcement from Elliot Lewis and Catalyst Cannabis Co. below ⬇️ STAND WITH CATALYST AND ALL of CALIFORNIA CANNABIS INDUSTRY AT 10AM ON AUGUST 29th AND PROTEST REG 3802! The CDTFA is set to make permanent Emergency Regulation 3802, forcing cannabis retailers to charge excise tax on optional tangible personal property (accessories component of vape – for example) and costing businesses and their customers potentially hundreds of millions of dollars in additional excise taxes. This regulation opposes the will of the people as stated in Prop 64and Regulation 3700, which has always allowed retailers to separate accessories from cannabis oil on their receipts, only charging customers excise tax on the cannabis oil. Reg. 3802 was rushed into law in October 2023 without even proper public input or participation. This is an overreach of government and taxing authority of CDTFA. Please join us in a show of force and numbers. Goal is to have A THOUSAND OR MORE attend. HNHPC, Inc., parent company of Catalyst Cannabis Company, along with owner CEO Elliot Lewis, have filed suit to fight the CDTFA and the Office of Administrative Law, which are attempting to ramrod Reg. 3802 into effect as permanent tax code. We need to stand with them by joining the online Microsoft Teams meeting on Thursday, August 29, 2024, at 10AM. Right now, California’s cannabis taxes are some of the highest in the nation. California also collected more cannabis taxes in than any other state in 2023. If Reg. 3802 can be rolled back, it will go a long way to making cannabis taxes more reasonable and give our legal cannabis industry a fighting chance to be competitive during these difficult times! You may join the meeting on your computer or mobile app through Microsoft Teams or by calling 1-916-5350987 and then entering the phone conference identification number 365 922 32#. https://lnkd.in/gHe5rUyT Beard Bros Pharms Jeff Levers Bill Levers

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Transcript

Hi, this is Rachel Wright with Beard Rose Media at the Emerald Cup. Today. I'm here with Elliot of Catalyst. What are you here today to do? Maybe I'm trying to improve the industry, all the hurdles and things that we want to see. Your daughter maybe a strategy behind actually trying to implement that. So we got a good variety of opinions and they're gonna obviously can't solve it in our panel, but I think there'll be some fun football ideas that get thrown out. Yeah, there's a lot of issues, so we can't tackle them all all at once. But you are. I know there's always. I mean, if you don't have consumers health, we don't have much stuff right now with the taxes and the 3802 K. We're trying to make those rags permanent. I wanna talk to you about we have a whole plan of attack to slow that down. Yeah, because it's a lot harder than getting fake emergency regs. There's a nice little, I can't say yet because I'm definitely not the face of it, but there is a a posse that is formed of some of the bigger operators. So I think they'll be announcement soon, which is really positive. It's been fun to see everybody put down the egos and the rivalries and work towards a a bigger cause. That information will be public pretty soon. I don't wanna be the guy that announces it, but they all all this stuff just trying to keep the business from dying too. Is always important to make their role to prevent this trade and talk about the tax man. Awesome. OK. On that note, thank you so much, Elliot. I really appreciate it. Looking forward to seeing you on the panel. There you have it. Your Bros media, Rachel Wright here at Emerald Cup. Thank you very much.

Jesse Duncan

MBA. Commercial Cultivator. Dispensary Technology

3mo

Got it on the calendar!!

1 Reaction

Marjo Lak /Humboldt Trim Company

Founder/COO at Humboldt Trim Co., specialized in sourcing Cannabis from The Emerald Triangle - Flower, Trim, Smalls| Owner Humboldt Nation Dispensary/Mom|DJ|owner Fraktal Music/OrgannablissFarms/Humboldt Sound Sanctuary.

3mo

see you there

Beard Bros Pharms

3mo

👏👏👏👏

Charlene Estrada

Purpose Driven Leader | Cannabis Fractional CAO and COO | Management and Business Consultant

3mo

Inked on my calendar.

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