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Council hears analysis, leaves cannabis cultivation tax at $2 per square foot
Summary
Staff recommended maintaining the city—s cannabis cultivation tax at $2 per square foot—well under the $5-per-square-foot voter-authorized cap—and council members signaled concurrence; staff said the tax generates roughly $258,000 annually.
City staff recommended the council maintain the city—s cannabis cultivation tax rate at $2 per square foot, and council members present signaled concurrence without taking formal action to change the rate.
Finance staff said voters originally authorized a cultivation tax in two measures (cited in the presentation as measures in 2016 and 2017) that allow the city to set a rate up to $5 per square…
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