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Recreational Cannabis w/21+ ID

Category: Taxes & Fees

Can I pay with a credit or debit card?

Debit & Credit Cards (with PIN numbers) Accepted

Stone Age now accepts credit cards with PIN numbers! If you are not sure if your credit card has a PIN number, learn more about it here. You may also use our on-site ATM or make a purchase using your debit card with our Cashless ATM system.

What is a credit card PIN and how do I get one?

Associated Fees

Each debit or credit card transaction includes a $3.50 fee, in addition to any fees your bank may assess on top of that. Those additional fees would be equivalent to what you are normally charged by your bank to use an "out of network" ATM. Bank ATM fees vary based on your bank and the type of account you have. A 2017 Bankrate report found that that the average cost for withdrawing money from an out-of-network ATM reached a record $4.69 this fall. The average fee ATM operators charge also increased to $2.97.

Why does Stone Age charge so much tax?

Unfortunately this is something that all licensed dispensaries in the state must account for, whether it is bundled into the price or listed separately on the receipt, it still must be paid. Stone Age Long Beach has made the decision to be completely transparent with our medicinal and recreational customers about how much the state of California requires to be set aside for taxes.

Excise Tax

The excise tax is a business tax specifically for cannabis products that are passed on to the customer. In California, the 15% state excise tax can either be included in the price of the item or added to the customer receipt.

Sales Tax

The sales tax is the traditional tax we're all used to paying when we make purchases. The tax rate differs from state to state and city to city, usually it's between 4% and 17%. In states like California and Maryland, medical patients can avoid this tax with a valid medical marijuana identification card (MMID).

Sales tax is added to the state's general fund and is often used towards public safety, health programs, local transportation, and education.

Cumulative Cannabis Taxes

In California, there are sometimes two, three or even four separate taxes applied that are charged at the point of sale. These taxes include excise taxes, sales taxes, municipal or local business taxes, and any additional flat fees. Unlike other states that calculate taxes just on the simple subtotal or retail price of an item, California and Michigan marijuana taxes must be calculated with a certain order of operations to arrive at the correct total, as the taxable amount increases and compounds after each tax is calculated. We call this type of layered calculation "cumulative taxes" or "compounding taxes".

Local Government Cannabis Business Taxes

Some cities have enacted measures requiring that cannabis businesses located in their jurisdictions pay a cannabis business tax. Whenever an expense of the retailer is separately added to any taxable sale, the expense is also subject to sales tax. Learn more

You can read more about the legislation related to taxing marijuana sales in California, or contact us with any other questions.

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