Shall the measure establishing a cannabis (marijuana) businesses tax at annual rates not to exceed $10.00 per canopy square foot for cultivation (adjustable for inflation), 8% of gross receipts for retail cannabis businesses, and 4% for all other cannabis businesses; which is expected to generate an estimated $50,000 to $70,000 annually and will be levied until repealed by the voters or the City Council in order to fund general municipal expenses, be adopted?
2, El Dorado County • 2018 • M
Passed
Result: 67.5% yes, 32.5% no (3,915 votes cast)
AI-generated plain-language summary
This measure established a cannabis business tax in El Dorado with rates up to $10 per square foot for cultivation, 8% of gross receipts for retail, and 4% for other cannabis businesses to fund general municipal expenses. The tax was expected to generate $50,000 to $70,000 annually and would remain in effect until repealed by voters or the City Council.