Subscribe
Sign up to receive email updates for Medical cannabis and opioid excise taxes.
Reminder: Registered organizations must use the tax rate of 7% when calculating the tax on the return for the filing period May 1, 2024, through May 31, 2024, due June 20, 2024.
Subscribe to Medical cannabis to receive updates by email when new information is available.
Registered organizations must pay excise tax on their gross receipts from medical cannabis sold or furnished to certified patients or designated caregivers.
Effective for sales on and after June 1, 2024, the tax rate is 3.15% (0.0315). For the tax rate on sales prior to June 1, 2024, see TSB-M-16(1)M, Tax Requirements for New York Medical Marijuana Registered Organizations.
The tax is imposed directly on the registered organization. The tax cannot be added as a separate charge or line item on a sales slip, invoice, receipt or other statement or memorandum of the price given to the retail customer.
Gross receipt means the amount charged by a registered organization for the sale or furnishing of medical cannabis to a certified patient or designated caregiver, without any deduction for:
For information about the medical cannabis program, including how to become a registered organization, certified patient, or designated caregiver, see Office of Cannabis Management.
Registered organizations must use the Tax Department’s Medical Cannabis Web File application to:
Registered organizations must file a return even if there are no sales during the month.
To file:
If the due date falls on a Saturday, Sunday, or legal holiday, the return is due on the next business day.
Report gross receipts by the county where the medical cannabis was manufactured and the county where it was dispensed. For medical cannabis delivered to a certified patient or designated caregiver’s home, report the gross receipts from these sales by the county where the dispensing facility is located.
Registered organizations must file returns and pay the tax due by the due date to avoid penalty and interest. Use the Penalty and Interest Calculator to calculate the late filing and late payment penalties and interest due.
In addition to any recordkeeping requirements in the Cannabis Law or regulations, registered organizations must maintain a record of gross receipts subject to tax for each transaction. These records must identify:
Registered organizations must keep all records for a minimum of three years after the due date of the return they relate to or the date the return was filed, whichever is later. Records must be available to the Tax Department upon request.
Sign up to receive email updates for Medical cannabis and opioid excise taxes.