City Council

5. Cannabis Tax Policy 7 - 33\nFrank Luckino, City Manager\nRecommendation:\nStaff is recommending the City Council give policy direction on the\nfollowing and direct staff to bring back the first reading of the ordinance\non February 20th:\n1) Reduce the cannabis canopy tax to $5.75\n2) Add an annual cannabis license fee of $5,775, excluding dispensaries\n3) Add an allowance for lost crop\n4) Payment Arrangements are an application and not a right\n5) Monthly Tax Payments\n6) Late penalties and interest will apply after the due date\n7) Require the connection to Monarch from each entity's point of sale\nsystem\n8) Limit Space (500 sq.ft) at a dispensary and not plants\n9) Add the ability to create consumption spaces\nStaff Report - SR-24-024 - Pdf