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Porterville outlines $141,356 community-benefit fund and draft grant rules for cannabis license revenue
Summary
City staff presented a draft Community Benefit Program at the Jan. 12 Porterville Cannabis Committee meeting describing how license-holder contributions would be allocated and administered.
City staff presented a draft Community Benefit Program at the Jan. 12 Porterville Cannabis Committee meeting describing how license-holder contributions would be allocated and administered.
Staff said the program is funded by an annual base contribution of $30,000 per license holder. With three active licenses the minimum annual revenue is $90,000; staff reported a current fund balance of about "$141,356." Draft program language proposes categories and suggested percentages, including…
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