Establish Cannabis Business Tax
Official Summary
Establish a Cannabis Business Tax not to exceed 6% of gross revenues for Cannabis Retailers, Manufacturers and Distributors and not to exceed 3.5% of gross revenues for Cannabis Cultivators to generate approximately $1,900,000 annually, until voters change or repeal the tax, to fund general city services, including enforcement efforts against cannabis businesses operating illegally
Notes
Current city law does not impose any specific business license taxes on the cannabis industry. Initial rates, based on gross receipts, are proposed to be 2.5% for cultivators, 3% for distributors, 4% for manufacturers and 5% for retailers. This is a general tax meaning its funds are not required to go to any specific purpose.