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San Luis Obispo County board holds cannabis business tax at 6% after public pleas

San Luis Obispo County Board of Supervisors · June 24, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After public comment from local cannabis operators and a staff review of revenue history, the San Luis Obispo County Board of Supervisors voted unanimously to maintain the cannabis business tax at 6% of gross receipts for fiscal year 2024–25 rather than let it rise to 8% on July 1.

The San Luis Obispo County Board of Supervisors voted unanimously on a motion to keep the county's cannabis business tax at 6% for fiscal year 2024—— 25, rejecting an automatic increase to 8% set to take effect July 1.

The action came at a special meeting that opened with a staff presentation by Justin Cooley (ACTTCPA), who summarized the 2018 voter-approved measure that set a 4% baseline and allowed automatic increases up to 10% unless the board acted. Cooley told supervisors the county could let the rate increase, hold it at 6% or lower it, and offered revenue estimates: roughly $125,000 per percentage point; letting the rate rise to 8% would be about $1,000,000 in projected revenue versus about $750,000 at 6% for the coming year.

The meeting drew a series of…

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