Shall the Measure: (1) allowing cannabis businesses to pay business taxes quarterly; (2) allowing cannabis manufacturing and/or cultivation businesses to deduct the value of raw materials from gross receipts in calculating business taxes in the manner applicable to manufacturing businesses; and (3) authorizing the City Council, without returning to the voters, to amend medical or non-medical cannabis businesses taxes in any manner that does not increase the tax rate, be adopted?
2, Alameda County • 2018 • M
Passed
Result: 79.8% yes, 20.2% no (153,636 votes cast)
AI-generated plain-language summary
This measure allows cannabis businesses in Alameda to pay business taxes quarterly, permits cannabis manufacturers and cultivators to deduct raw material costs from gross receipts when calculating taxes, and authorizes the City Council to make amendments to cannabis business tax rates without voter approval as long as the changes do not increase rates.