Title
a. Review options to reduce commercial cannabis cultivation business tax rates; and
b. Direct the Cannabis Program to return to the Board of Supervisors for consideration of an amendment to Monterey County Code 7.100 with the approved amended commercial cannabis business tax rates; and
c. Revise the formal payment plan by reducing the 25% down payment to 15% and delaying the due date to make the down payment to on or before January 31, 2023; and
d. Provide further direction as appropriate.
Report
RECOMMENDATIONS:
It is recommended that the Board of Supervisors:
a. Review options to reduce commercial cannabis cultivation business tax rates; and
b. Direct the Cannabis Program to return to the Board of Supervisors for consideration of an amendment to Monterey County Code 7.100 with the approved amended commercial cannabis business tax rates; and
c. Revise the formal payment plan by reducing the 25% down payment to 15% and delaying the due date to make the down payment to on or before January 31, 2023; and
d. Provide further direction as appropriate.
SUMMARY:
At the November 8, 2022, Board of Supervisors (Board) meeting, the Cannabis Program (Program) was directed to schedule a Special Cannabis Committee (Committee) meeting in the November and request time at the November Board meeting to present Committee recommendations on proposed amendments to commercial cannabis cultivation business tax rates. Additional direction was provided to include a concept discussed at a prior Committee meeting-scaled tax rates driven by wholesale pricing-within the proposed cultivation tax rate amendments.
DISCUSSION:
During their presentation to the Board on November 8, 2022, the Program presented the current commercial cannabis cultivation business tax rates and the rates previously proposed through public comment by the cannabis industry and Monterey County Cannabis Industry Association in August. For context on how rates have changed over time, staff have prepared a retro...
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