Jacob Bell
New Member
SACRAMENTO, Calif. -- The California Cannabis Association estimates the city of Sacramento has taken in more than $2 million in taxes, permits and fees from medical marijuana dispensaries in the last year. The cities Economic Development Department doesn't dispute that number.
Each dispensary has to go through a lengthy permit process, consisting of three different phases and costing more than $20,000, according to the Economic Development Department. The city also receives a 4 percent sales tax on the dispensaries profits from selling medical marijuana, said Maurice Chaney a representative of the Economic Development Department.
So will it hurt the city if the revenue stream from the dispensaries stops?
"That source of revenue is new anyway," said Angelique Ashby, a city council member. "So hopefully we haven't become too reliant on it in the year that we have had the ordinance."
The cities ordinance allowing medical marijuana dispensaries to operate in the city limits is only a year old. Chaney said 35 dispensaries are going through the permitting process.
Since the city froze the permit process after the federal crackdown on dispensaries in California, some are wondering what will happen to the money that the city has already received for permits from dispensary owners still in the permitting process.
"I don't think it's logical to keep to the money," said George Mull, the president of the California Cannabis Association. "Hopefully (the city government) will do the right thing and give back the application money."
Chaney said the city is keeping the money, because it has only frozen the permitting process, not ended it.
News Hawk- Jacob Ebel 420 MAGAZINE
Source: kcra.com
Contact: Contact Us
Copyright: Hearst Stations Inc.
Website: City May Lose Millions From Medical Marijuana Dispensaries
Each dispensary has to go through a lengthy permit process, consisting of three different phases and costing more than $20,000, according to the Economic Development Department. The city also receives a 4 percent sales tax on the dispensaries profits from selling medical marijuana, said Maurice Chaney a representative of the Economic Development Department.
So will it hurt the city if the revenue stream from the dispensaries stops?
"That source of revenue is new anyway," said Angelique Ashby, a city council member. "So hopefully we haven't become too reliant on it in the year that we have had the ordinance."
The cities ordinance allowing medical marijuana dispensaries to operate in the city limits is only a year old. Chaney said 35 dispensaries are going through the permitting process.
Since the city froze the permit process after the federal crackdown on dispensaries in California, some are wondering what will happen to the money that the city has already received for permits from dispensary owners still in the permitting process.
"I don't think it's logical to keep to the money," said George Mull, the president of the California Cannabis Association. "Hopefully (the city government) will do the right thing and give back the application money."
Chaney said the city is keeping the money, because it has only frozen the permitting process, not ended it.
News Hawk- Jacob Ebel 420 MAGAZINE
Source: kcra.com
Contact: Contact Us
Copyright: Hearst Stations Inc.
Website: City May Lose Millions From Medical Marijuana Dispensaries
