Laserfiche WebLink
11/12/2019 <br />f <br />Rationale For Local Cannabis Taxes <br />► Such taxes are very common in other cities <br />> Funding augments General Fund revenues <br />► All three retail permit awardees voluntarily offered gross <br />receipts contributions <br />> Tax creates a level playing field within the City <br />3 All three retailers also offer programs for low-income, <br />terminally ill, or otherwise disadvantaged patients <br />Rationale For Flexible Local Tax Rate <br />Ensuring local businesses maintain competiveness with <br />other businesses operating in neighboring communities <br />Recognition of significant up -front capital costs <br />Ensuring that cumulative federal, state, and local taxes <br />do not incentivize the unregulated market <br />3 <br />