I’m a practitioner. Will I be sent a 1099-K?

If you’re located in DC, Maryland, Massachusetts, Vermont, or Virginia, you will be issued a 1099-K if $600 or more in sales (i.e., gross payments) were transacted through your dispensary during the calendar year.

If located in New Jersey you will be issued a 1099-K if you have transacted $1000 or more in sales during the calendar year.

In Arkansas, you will be issued a 1099-K if you have $2500 or more in sales during the calendar year.

In all other states, you will be issued a 1099-K if you transacted $20,000 or more in sales AND 200 or more payments during the calendar year.

Only dispensaries that have satisfied their state’s eligibility thresholds will be issued a 1099-K. You will receive a physical copy in the mail, sent to the financial address on your account. This address, specifically the state, is used to determine your eligibility.