Are there any laws governing the taxation of cannabis businesses?

In Texas, cannabis is illegal for recreational use. As such, there are no laws governing the taxation of cannabis businesses in the state. However, medical cannabis is legal in Texas. Under state law, the Texas Comptroller of Public Accounts is responsible for collecting taxes from cannabis businesses in the state. Businesses that want to sell or distribute medical cannabis products must register with the Comptroller and collect taxes from their customers, such as sales tax, motor vehicle tax, and use tax. The amount of taxes a cannabis business has to pay can vary depending on their local jurisdiction. For example, in some areas, cannabis businesses may be subject to local sales tax or occupancy taxes on top of the state taxes. In addition, businesses may need to pay various other fees, such as licensing fees, to the local government. Overall, cannabis businesses in Texas are subject to the same taxes as other businesses. While there may be additional regulations in place for businesses that sell or distribute cannabis products, they should not be subject to any special taxes due to the nature of their business.

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