Numlock News: December 8, 2021 • Daylighting, Traffic, Marijuana Taxes
www.numlock.com
By Walt Hickey Tax-Free In 2018 the city of San Francisco voted to approve a 1 percent to 5 percent tax on cannabis businesses that is set to take effect next year. However, the Board of Supervisors just passed an ordinance to suspend the Cannabis Business Tax for the 2021 and 2022 tax years, in no small part due to the fact that legal, lawful cannabis dispensaries are actually having some significant problems competing with the illegal dealers on price. The fear is that by taxing legal pot, they could undermine the legal market at the same moment they’re trying to fend off the illegal market. It’s also been tough lately for pot businesses in the Bay Area amid a spate of recent robberies targeting dispensaries that’s led to some
Numlock News: December 8, 2021 • Daylighting, Traffic, Marijuana Taxes
Numlock News: December 8, 2021 • Daylighting…
Numlock News: December 8, 2021 • Daylighting, Traffic, Marijuana Taxes
By Walt Hickey Tax-Free In 2018 the city of San Francisco voted to approve a 1 percent to 5 percent tax on cannabis businesses that is set to take effect next year. However, the Board of Supervisors just passed an ordinance to suspend the Cannabis Business Tax for the 2021 and 2022 tax years, in no small part due to the fact that legal, lawful cannabis dispensaries are actually having some significant problems competing with the illegal dealers on price. The fear is that by taxing legal pot, they could undermine the legal market at the same moment they’re trying to fend off the illegal market. It’s also been tough lately for pot businesses in the Bay Area amid a spate of recent robberies targeting dispensaries that’s led to some