Shall the measure amending the City of King commercial cannabis tax to include a new tax of up to 5% of gross receipts on the retail sale of cannabis and cannabis products, including industrial hemp and hemp products, and up to 2% of gross receipts on the distribution of cannabis and cannabis products generated from outside King City, which is projected to generate approximately $150,000 annually, and will be in effect until terminated by the voters, be adopted?
2, Monterey County • 2020 • Measure
Passed
Result: 68.5% yes, 31.5% no (2,482 votes cast)
AI-generated plain-language summary
This measure amended King City's commercial cannabis tax to add a new tax of up to 5% on retail cannabis sales and up to 2% on distribution of cannabis from outside the city. The tax was projected to generate approximately $150,000 annually and remains in effect until terminated by voters.