Cannabis business regulations in SLO approved; fees exceed $80000 to get started

Beginning Jan. 1, cannabis dispensaries and cultivation businesses will be allowed in the city of San Luis Obispo. With almost 80 percent voter approval of Measure F-18, the marijuana business tax, cannabis cultivators and businesses are now allowed to apply for permits to open up shop in San Luis Obispo.

Measure F-18 will require an up to  10 percent tax on cannabis sales and up to $10 per canopy square foot. The tax will start at 4 percent and increase 2% every year after 2020 until it caps at 10 percent.

“The tax will work just like any other sales tax,” Kyle Bell, an associate planner for the city’s Department of Community Development, said.

The approval of Measure F also approved a cannabis ordinance that will allow cannabis businesses and cultivation in certain zones in the city of San Luis Obispo.

The zones have been developed to ... read more at: https://mustangnews.net/cannabis-business-regulations-in-slo-approved-fees-exceed-80000-to-get-started/

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