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Committee backs delaying San Francisco cannabis business tax through 2025 over industry concerns
Summary
The Budget & Finance Committee voted 2–1 to send an ordinance to the full Board that would suspend San Francisco’s local cannabis business tax through Dec. 31, 2025, after supervisors and business callers warned that legal retailers face an entrenched illicit market and steep cost pressures.
The San Francisco Board of Supervisors’ Budget & Finance Committee on Nov. 9 voted 2–1 to forward an ordinance that would delay the imposition of a local cannabis business tax until Dec. 31, 2025. Chair Hillary Ronan moved the item to the full Board after hearing arguments from Supervisor Rafael Mandelmann and public commenters representing the legal cannabis industry.
Mandelmann told the committee the legal market in San Francisco is “not where I think any of us would want it to be,” citing a persistent illicit market, price volatility and federal tax treatment that prevents cannabis businesses from deducting ordinary…
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