Cannabis tax headed for November ballot

Despite opposition from the industry, the Board of Supervisors placed a gross receipts cannabis tax on the November ballot Tuesday...

Board president Malia Cohen, who introduced the measure, made concessions to the industry by lowering the rate from what she had initially proposed and delaying implementation to 2021.

“There is a black market now and there probably will always be one. I just feel like that is a little bit of an excuse,” Cohen said...

If approved by voters, the cannabis tax would start on Jan. 1, 2021. There would be a 2.5 percent tax on retail cannabis gross receipts up to $1 million and a 5 percent tax on gross receipts in excess of $1 million. There would be a 1 percent tax on gross receipts up to $1 million in non-retail cannabis activities, and a 1.5 percent on gross receipts more than $1 million.

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