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Committee refers cannabis gross‑receipts tax deferral to full Board without recommendation, asks for stakeholder work
Summary
Committee members referred Supervisor Mandelman’s proposal to suspend the city’s cannabis gross‑receipts tax through Dec. 31, 2022, to the full Board without recommendation and requested a stakeholder process to evaluate tax rates and industry needs before the Board considers any longer deferral.
The Budget and Finance Committee on Nov. 17 referred to the full Board (without recommendation) an ordinance to suspend the city’s cannabis gross‑receipts tax through Dec. 31, 2022. Staff presenting the measure said it responded to continuing industry fragility, substantial illicit market share, and high federal/state tax burdens that reduce the legal market’s competitiveness.
Tom…
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