|Dear California Partners,
We hope you’re all ready and gearing up for a historic January 1st! We’re so excited to see California begin adult-use and we want you to know that we’re here to help you through it! As we quickly approach January 1st, there are some steps you’ll need to perform in your BioTrackTHC to be prepared for adult-use sales. We highly recommend completing these changes ASAP as we will have limited support on 12/31 and 1/1 for the holiday; please ensure you set aside 2-3 hours to complete these changes in case you run into any issues.
You only need to complete these changes if you plan on participating in adult-use sales.
If you are planning on participating in recreational, adult-use sales, you’ll need to set up separate medical and recreational locations within your BioTrackTHC to allow for unique tax rates for each sale type; by default, the inventories will then be separated. Additionally, we’ve received a variety of questions related to the California Cannabis Track and Trace system, METRC; we’ve included a link to the CDFA’s Frequently Asked Questions list below that should address your concerns.
How do I ensure my taxes are set up for both medical and adult-use sales?
As you likely know, medical and adult-use cannabis will each have their own unique tax rates. In order to ensure you’re collecting the proper tax amounts for both types of sales, you will need to create two locations in your BioTrackTHC; one for medical and one for adult-use. This will allow you to keep two separate inventories within your system and thus, two unique “Tax Standard” rates. To do this, please follow the steps below:
We recommend that you complete these changes ASAP as we will have limited support on 12/31 and 1/1 for the holiday. Please set aside 2-3 hours to complete these changes.
· Navigate to the “Administration” dropdown, then “Locations”>”Edit Locations”
· Next, click “New” in the Locations window: