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Frequently Asked Questions

Listed below are some of the most frequently asked questions our team receives about R&D tax credits

Can a California plant-touching cannabis business take advantage of the California R&D tax credit?

If the California cannabis business is a C corporation, that cannabis business can take advantage of the California R&D tax credit for the 2019 tax year and beyond. With passage of Assembly Bill 37, for tax years 2020 through 2024, LLCs (partnerships, S corps, and sole proprietorships) can take advantage of the California R&D tax credit (but not the federal R&D tax credit).

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