It is a recreational crop. If you can't afford the taxes or plan accordingly for the chance of a less-than-profitable year, residents should not suffer the consequences of being denied the promised tax revenue when making cannabis legal was up for a vote.
Support this resolution. See attached PDF for the need to reform the way Lake County taxes (canopy or gross receipts) and the burden of the flat taxes. This PDF is in addition to the letter send by the LCCA to the Board of Supervisors on 1.24.22 - also attached.
Why was Marijuana legalized fir recreational use? To quote the LA Times “ Proposition 64 was pitched as a cash cow for the state. The initiative imposed taxes on commercial cultivation and sales, and it allowed local governments to layer their own taxes. The hope that marijuana would bring in more than $1 Billion of state tax revenue every year to pay for after school programs, job training, drug addiction, treatment, environmental cleanup and other worthy services”
Just like the California Lottery was supposed to support schools when only 1% of a schools budget comes from the lottery.
To quote the DEA.gov website “ Schedule 1 drugs, substances or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse. Some examples of Schedule 1 drugs are: heroin, lysergic acid diethylamide (LSD) , marijuana ( cannabis) , methylenedioxymethamohetamibe ( ecstasy) , methaqualone and peyote. Why lower the taxes?
I intend to speak on this item, but I wanted to share that the Governor's office and the Legislative leadership supports this effort. Erin Mellon, the Governor's spokesperson was quoted as saying, ""It's clear that the current tax construct is presenting unintended but serious challenges. Any tax-reform effort in this space will require action from two-thirds of the Legislature, and the governor is open to working with them on a solution." Assembly Speaker Anthony Rendon and Senator Mike McGuire have also been in touch with the industry to discuss solutions.
It is a recreational crop. If you can't afford the taxes or plan accordingly for the chance of a less-than-profitable year, residents should not suffer the consequences of being denied the promised tax revenue when making cannabis legal was up for a vote.
I have attached our letter of expression. Thank you.
Support this resolution. See attached PDF for the need to reform the way Lake County taxes (canopy or gross receipts) and the burden of the flat taxes. This PDF is in addition to the letter send by the LCCA to the Board of Supervisors on 1.24.22 - also attached.
I have attached a letter to express my comments.
Why was Marijuana legalized fir recreational use? To quote the LA Times “ Proposition 64 was pitched as a cash cow for the state. The initiative imposed taxes on commercial cultivation and sales, and it allowed local governments to layer their own taxes. The hope that marijuana would bring in more than $1 Billion of state tax revenue every year to pay for after school programs, job training, drug addiction, treatment, environmental cleanup and other worthy services”
Just like the California Lottery was supposed to support schools when only 1% of a schools budget comes from the lottery.
To quote the DEA.gov website “ Schedule 1 drugs, substances or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse. Some examples of Schedule 1 drugs are: heroin, lysergic acid diethylamide (LSD) , marijuana ( cannabis) , methylenedioxymethamohetamibe ( ecstasy) , methaqualone and peyote. Why lower the taxes?
I intend to speak on this item, but I wanted to share that the Governor's office and the Legislative leadership supports this effort. Erin Mellon, the Governor's spokesperson was quoted as saying, ""It's clear that the current tax construct is presenting unintended but serious challenges. Any tax-reform effort in this space will require action from two-thirds of the Legislature, and the governor is open to working with them on a solution." Assembly Speaker Anthony Rendon and Senator Mike McGuire have also been in touch with the industry to discuss solutions.