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The licensing basis for the recreational cannabis industry in South Lake Tahoe will be presented to council on Monday, however, several factors beyond the control of the council could disrupt these plans
. businesses, two growing businesses (limited to less than 5,000 square feet of acreage), unlimited testing facilities, and two micro-businesses – one of which is a single license for at least three activities, such as manufacturing, retail sales and
At the same meeting, the board will consider raising a tax issue on cannabis for voters in November. Staff recommends that the issue include a range of taxes that the board could adjust with a vote by a minimum of four out of five board members.
The high-end is designed to maintain the cumulative tax rate – a number that includes taxes – less than 30%
Staff recommends that the board sets the starting rate at the bottom of the # 39; scale. For retail sales, both medicinal and recreational, the rate would be set at 4% of gross receipts. This figure would be 2% for distribution companies and 1% for test companies.
The rate of cultivation varies according to the type of lighting, the highest rate being fixed at $ 7 per square foot of covered space. Stories for You
Based on the limitations set out in the ordinance, the city predicts that the tax issue, if approved by voters, could generate $ 435,000 and $ 700,000 annually.
California's Law on Transparency and Accountability for Tax Fairness will require voters to raise the threshold for tax increases to 2/3 of the electorate rather than a simple majority. If it is approved by California voters, the act would be retroactive, canceling any tax measure approved by less than 2/3 of the votes after January 1, 2018.
If California voters approve the law on the liability and tax on the sale of cannabis receives less The other unknown relates to a citizen initiative that would allow all state cannabis permits in the city without restricting the authorized number of businesses.
An electoral officer from El Dorado County told the Tribune that the results of the signature verification for the initiative would be sent to the city clerk on Friday.
Tahoe Wellness Cooperative Executive Director, Cody Bass, led the initiative.
Bass, whose business is the only medical marijuana dispensary in the South Shore, led a protracted legal battle with the government.
He publicly pleaded with the council to bring an amicable end to the legal battle, offering at one point to drop the initiative. The Council has not responded to these requests. It is planned to discuss the matter in camera prior to the start of Monday's meeting at 9:00 am
