San Bernardino and two cannabis business owners who received permits to operate in town under a controversial 2016 ballot measure have settled extensive and protracted lawsuits.
Per a pair of settlement agreements approved by the City Council Wednesday, Sept. 15, Thomas Bamber, who owns Shatter Dispensary and Lounge on Fifth Street, and Qiang Ye, owner of Captain Jacks Dispensary on Hospitality Lane, will pay the city more than $1.9 million in back cannabis sales taxes between them.
Additionally, the two will withdraw a 2022 ballot initiative they sponsored that proposed reducing the city’s utility user tax from 7.75% to 3%. The measure, if approved, would have sapped $14 million in revenue from the city’s general fund each year.
In return, San Bernardino will issue Bamber and Ye the cannabis business permits required of all those currently operating, or hoping to operate, locally.
Read more at sbsun.com