§ 64-16.414. Tax on vertically-integrated businesses.

(a)

Beginning January 1, 2019, the tax rate on vertically-integrated businesses engaged in retail sales is four percent of gross receipts.

(b)

The board of supervisors may, in its discretion, by ordinance, adjust the rate of the cannabis business tax imposed on vertically-integrated businesses engaged in retail sales to a rate equal to or above the minimum rate and up to the maximum rate. For vertically-integrated businesses engaged in retail sales, the minimum tax rate is four percent of gross receipts and the maximum tax rate is six percent of gross receipts.

(c)

Beginning January 1, 2019, the tax rate on vertically-integrated businesses not engaged in retail sales is two and one-half percent of gross receipts.

(d)

The board of supervisors may, in its discretion, by ordinance, adjust the rate of the cannabis business tax imposed on vertically-integrated businesses not engaged in retail sales to a rate equal to or above the minimum rate and up to the maximum rate. For vertically-integrated businesses not engaged in retail sales, the minimum tax rate is two and one-half percent of gross receipts and the maximum tax rate is four percent of gross receipts.

(Ord. No. 2018-22, § I, 11-6-18)