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Riverside asks staff to press state lawmakers after SB 56 could strip local cannabis excise revenue
Summary
City staff warned that Senate Bill 56 and related budget proposals could redirect cannabis excise taxes away from host communities. Council asked staff and the law director to draft a resolution and meet with state representatives to explain local impacts.
At the Feb. 18 Riverside City Council meeting, the city manager briefed council on possible changes to Ohio cannabis taxation under Senate Bill 56 and related budget discussions that could alter how excise tax revenue is shared with host communities.
Under current law the manager said, a portion of cannabis excise tax proceeds (about 36 percent under the program the manager described) is directed back to the municipality hosting a retail dispensary; Riverside has two dispensaries in…
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