Adelanto Council hopes low cannabis taxes can spur new investment

ADELANTO — If they lose, we lose.

That was City Manager Jessie Flores’ message to the City Council on Wednesday in arguing for modest taxation of the city’s cannabis industry.

“I’m suggesting you consider lowering the tax rates on all categories in good will and good faith to allow operators a window to get on their feet,” he told the Council.

Following Flores’ suggestion, the Council directed staff to draft an ordinance setting tax rates that in some cases would be lower and simpler than previously proposed. Council members will vote on the proposed rates at a future date.

Mayor Pro Tem Stevevonna Evans said the city’s goal is to attract more cannabis businesses, “and as we grow the industry, we can raise as we see fit.”

The Council signaled in February it would set different tax rates for medical and recreational cannabis operators, along with separate tax rates for every category

... read more at: https://www.vvdailypress.com/news/20190415/adelanto-council-hopes-low-cannabis-taxes-can-spur-new-investment

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