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News – Monday, June 29, 2026
FY 2026-32, Updates for the Medical Cannabis Tax Effective July 1, 2026
Public Act (P.A.) 104-0463 amends the process for calculating tax on the Medical Cannabis Cultivation Privilege Tax.
Beginning July 1, 2026:
- the tax imposed is on the privilege of cultivating medical cannabis at the rate of 7% of the taxable receipts from the first sale of medical cannabis by a cultivator.
From January 1, 2014, through June 30, 2026:
- the tax imposed was on the privilege of cultivating medical cannabis at the rate of 7% of the sales price per ounce.
See Informational Bulletin FY 2026-32, Updates for the Medical Cannabis Cultivation Privilege Tax Effective July 1, 2026, for more information.