Shall the measure which would tax cannabis and hemp businesses if City permits and regulates such businesses, at annual rates not to exceed $10.00 per canopy square foot for cultivation (adjustable for inflation), 6% gross receipts for retail businesses, and 4% for all other such businesses which is projected to generate $720,000 to $1,080,000 annually and continue in effect until terminated by City voters with funds generated used for general fund purposes be adopted?
2, Madera County • 2020 • Measure
Passed
Result: 67.2% yes, 32.8% no (15,511 votes cast)
AI-generated plain-language summary
The measure established a tax on cannabis and hemp businesses in Madera at rates up to $10 per square foot for cultivation, 6% of gross receipts for retail, and 4% for other cannabis businesses. The tax was projected to generate $720,000 to $1,080,000 annually for the city's general fund.