Cannabis tax heading to November ballot in Redding

Cannabis Tax Heading to November Ballot in Redding

Posted: Oct 2, 2018 6:32 PM
Updated: Oct 3, 2018 11:52 AM

Speech to Text for Cannabis tax heading to November ballot in Redding

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alan a measure to tax the cultivation and retail sales of cannabis in redding is heading to the november ballot. boxes action news now reporter mario montalvo joins us from redding with details. reporter live the city first approved the resoultion to place measure c on the ballot back in june. which if approved could generate some much needed funds for law enforcement and public safety. redding's first cannabis retailer synergy opened its doors. and now it's up to resdents to decide whether they'll be taxed. tax all sorts of marijuana/cannabis production, manufacturing, cultivation and retail sales. synergy is the first and only retailer in the city at this time. so redding city manager barry tippin says it's difficult to determine just how much revenue the tax could generate, but they do have an estimate. barry tippin: in the tax measure itself, we estimate it somewhere million dollars per year annually as the business continues to grow. synergy owner jamie garzot says she supports a tax as long as it's sustainable. under five percent is where it should be. historically, it seems like cities have put the tax between say 5 and 10 percent. for example, shasta lake sets it at about 6. and while that may have been a reasonable percentage in the as sustainable after recent legislation. jamie garzot: looking now at what happened in 2018 in january where we now have taxes on the cultivated product, taxes on the finished different points in the supply chain locally, that 5 to 10 percent is not as sustainable as it once was. last year, cannabis retailers in the city of shasta lake generated just over a half a million dollars with that, the've been able to hire an additional sheriff's deputy and are looking to hire two part time code enforcement officers as well as fund grants for public beautification. barry tippin: i think we all know we need more resources for that. and if a marijuana tax can get us there, then that's what we provide. ### reporter live coming up at six, we'll hear why some people say overtaxing cannabis could cause black market sales to thrive. in redding, mario montalvo, action
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