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US (CA): Los Angeles puts cannabis business tax measure on November ballot

Los Angeles County voters will be asked in November to consider a ballot measure that would impose business taxes on cannabis operations in unincorporated areas, once such businesses are permitted.

The county is still developing regulations for cannabis operations in unincorporated areas, with an ordinance expected to come before the Board of Supervisors next year. In the meantime, the board on Tuesday voted unanimously -- with Supervisor Janice Hahn absent -- to place a proposed tax measure on the Nov. 8 ballot. The measure will require a simple majority of voters to be approved.

The proposal would enact a series of initial tax rates -- 4% for gross receipts for retail operations, 3% for manufacturing and distribution, $4 per square foot for mixed light cultivation and $7 per square foot for indoor cultivation. According to county staff, the levies would initially generate an estimated $10.36 million a year. Those rates would be in effect until July 1, 2026, after which the ordinance outlines additional increases in the rates.

Although regulations for cannabis operations in unincorporated areas are still being developed, county staff indicated that the initial plan will allow for up to 25 storefront retail cannabis businesses countywide, 25 delivery retail businesses, 10 indoor/mixed light cultivation establishments, 10 manufacturing businesses, 10 distribution facilities and 10 testing laboratories.

To read the complete article, go to www.abc7.com


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