Navigating Oregon’s Certificate of Compliance Requirements for Cannabis Retailers

In this informative video, Kevin Jacoby, owner of Jacoby Law, shares valuable insights into Oregon’s Certificate of Compliance requirements for cannabis retailers. Oregon’s complex tax regulations present significant challenges for cannabis businesses, particularly when it comes to staying compliant with state-level taxes like marijuana sales tax, payroll taxes, and corporate income taxes. Kevin breaks down the specifics of the Certificate of Compliance, including who is required to file, what types of taxes are involved, and the often-overlooked requirement that even individual shareholders and partners must be personally compliant.

Challenges for Cannabis Businesses

Kevin and Justin Botillier, CEO of Calyx CPA, also discuss the controversial aspects of the law, such as the lack of legislative authority behind its implementation and the administrative burden it places on businesses. The conversation highlights how many cannabis operators are struggling to catch up on years of unfiled taxes and the importance of working with experienced professionals to avoid penalties and license issues.

Key Takeaways for Cannabis Retailers

Whether you’re a cannabis retailer in Oregon or simply interested in the intricacies of cannabis tax law, this discussion offers key takeaways on how to navigate the compliance process, potential rule changes, and the steps to take if you’re approaching compliance deadlines. Kevin also shares practical advice on extensions, dealing with the Oregon Liquor and Cannabis Commission (OLCC), and what to expect in the coming years as the state continues to refine its tax requirements for cannabis businesses.