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Finance committee advances cannabis tax change and asks staff to differentiate medical and recreational sales
Summary
Committee heard staff analysis showing cannabis tax receipts have declined and recommended a modest increase from 6% to 8% for two retail categories; members directed staff to draft ordinance language and to evaluate exemptions/differentiation for medicinal sales and business outreach.
Staff presented background on the city’s cannabis business tax, noting voters authorized a tax of up to 20% in 2016 and local rates were set in 2018. The two retail categories most responsible for revenue — in-store retail and retail-delivery-only — are currently taxed at 6%. There are six authorized cannabis retail businesses in the city (five retail storefronts and one manufacturing facility), and annual cannabis-tax receipts peaked near 2021 at roughly $2 million and have fallen toward an adopted FY2026 budget of about $1 million.
Cannabis-tax staff…
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