cannabis

Image via Wikipedia user Alapoet.

published on June 14, 2018 - 1:19 PM
Written by

The Fresno City Council Thursday voted to place a measure on the November ballot that would pave the way to tax cannabis-related businesses in city limits.

Now it will be up to two-thirds of Fresno voters to advance the tax plan, which is expected to generate up to $10 million annually, according to a city report.

The cannabis business license tax would charge pot cultivation businesses up to $12 per square-foot of growing space and up to 10 percent of gross receipts for medical dispensaries and all other cannabis businesses.

Council members Clint Olivier, Oliver Baines and Paul Caprioglio sponsored the resolution. Steve Brandau was a “no” vote on the measure, and Garry Bredefeld — who has been an outspoken opponent of recreational cannabis in Fresno — was not present for the vote.

The council is expected to host a workshop after the lunch break Thursday afternoon to further discuss what Fresno’s pot ordinances might look like.

The tax measure will now go before Fresno voters in November.

In an interview, Baines said he is hopeful Fresno’s pot rules and regulations could be completed by the end of summer.


e-Newsletter Signup

Our weekly poll

Is your company participating in the federal payroll tax deferral program?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY