California reports more than $500 million in cannabis tax revenue this year

Tax revenue from cannabis sales in California topped $500 million during the first half of 2025, according to new state data.
National Law Review

California Attorney General Clarifies OTA’s Power to Disregard Conflicting Tax Regulations

In Opinion No. 23-701, issued July 31, 2025, California’s Attorney General settled a fundamental question about the reach of California’s newest tax adjudicatory body: can the Office of Tax Appeals ...
National Law Review

California’s Franchise Tax Board Adopts Final Regulations for Market-Based Sourcing

On0, 2025, California’s Franchise Tax Board (“FTB”) adopted final regulations (“Final Regulations”) amending the rules regarding market-based sourcing for sales other than sales of tangible personal ...
Tax Guru

Refund of GST Compensation Cess on Exports Cannot Be Denied: Bombay HC

Bombay High Court ruled that a manufacturer can claim a refund of compensation cess on raw materials used for goods that are later ...