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San Diego council approves 2% cannabis business tax increase to shore up city revenue
Summary
The council voted 8-1 on March 10 to raise the city's cannabis business tax from 8% to 10% (production facilities excluded), with staff estimating the increase could generate roughly $4 million in additional annual revenue if gross receipts hold.
The San Diego City Council voted 8-1 on March 10 to raise the city's gross receipts tax on most cannabis businesses from 8% to 10%, a measure the city treasurer said could bring nearly $4 million in additional revenue in a full year if sales remain steady.
City Treasurer Liz Correa told the council that cannabis gross receipts generated roughly $18.9 million in fiscal 2023 and $17.2 million in fiscal 2024, and that a 2 percentage-point increase (excluding production…
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