A mature marijuana plant begins to bloom under artificial lights at Loving Kindness Farms in Gardena, Calif., May 20, 2019. (AP Photo/Richard Vogel, File)
HUNTINGTON BEACH, Calif. — A couple of County cities weigh whether to adopt an ordinance to tax cannabis businesses if – or when – they come into their towns.
Laguna Woods will ask voters in November to set the framework for taxing cannabis businesses if the city allows it in the future.
Measure T, the Cannabis Business Tax ordinance, would tax cannabis businesses 4% to 10% of gross receipts or $5 to $35 per square foot for retail operations; and 1% to 10% of gross receipts or $1 to $35 per square foot for other types of businesses, such as delivery, manufacturing, etc.
Once passed, the city council would ultimately select the specific tax rate.
Laguna Woods currently prohibits many cannabis businesses.
Published: October 07, 2022
The post Huntington Beach and Laguna Woods residents to decide on cannabis tax initiatives appeared first on L.A. Cannabis News.
