San Francisco crime surge prompts city to suspend cannabis tax to help dispensaries versus drug dealers
Fox News
City supervisors in San Francisco unanimously approved an ordinance suspending the city's business tax on cannabis retailers last week.
The tax, which imposes a 1% to 5% citywide tax on gross receipts from cannabis businesses, was approved by voters in November 2018 and was slated to go into effect on Jan. 1, 2022. The ordinance, which passed Tuesday, suspends the tax through Dec. 31, 2022.
"Cannabis businesses create good jobs for San Franciscans and provide safe, regulated products to their customers," Mandelman said in a statement to the San Francisco Examiner.
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