HMB's Commercial Cannabis Tax Revenue Study Posted

HALF MOON BAY, CA - From the City of Half Moon Bay: The City has posted a consultant's report on the potential revenues and other fiscal issues related to taxation options for possible commercial cannabis businesses in Half Moon Bay.

The report is posted on the City's Information on Cannabis Regulation web page atwww.hmbcity.com/cannabis.

The consultant's study - "Fiscal Analysis of the Commercial Cannabis Industry and Tax Revenue Projections" will be discussed at tomorrow night's (June 19) City Council meeting, 7 pm at Ted Adcock Community Center, 535 Kelly Avenue. At this meeting the City Council will also discuss and provide direction on preparation of a cannabis business tax measure for its subsequent approval, which would then be placed on the November ballot, as well as the other measures related to other commercial cannabis business activity.

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